Keiron Printing Technologies Raises Series A Funding
Keiron Printing Technologies, a company based in Eindhoven, Netherlands, focused on advancing electronics manufacturing, has successfully raised €20.7 million in a Series A funding round. This round was co-led by notable investors Invest-NL, DeepTechXL, and Waves Capital. Additional support came from Ramphastos Investments, ATUM Ventures, Cottonwood Technology Fund, and TNO Ventures.
Innovative LiFT Technology
Keiron Printing Technologies specializes in Laser-Induced Forward Transfer (LiFT) technology, particularly used for high-precision solder paste printing in advanced electronics manufacturing. This technology aims to address longstanding inefficiencies in the solder paste printing process, which is a critical component of the electronics industry.
Stefan van Waalwijk van Doorn, a co-founder and specialist in LiFT technology, along with the team at Keiron, is at the forefront of this innovation. The technology's potential to transform the industry has attracted significant interest from investors.
Strategic Use of Funds
The freshly secured funds are earmarked for expanding the adoption of Keiron's LiFT technology across the global electronics industry. The company aims to increase the deployment of its HF2 printer, which is designed to enhance precision and efficiency in manufacturing lines.
CEO Paul Rooimans commented on the significance of the funding: "Solder paste printing has been the industry’s most expensive open secret for decades – a failure driver on a market worth well over €600 billion a year that everyone lived with because no one could fix it. This round lets us do exactly what the market has been asking for: put the HF2 on more lines, faster, without giving up an ounce of the precision that sets LiFT precision printing apart."
Future Outlook
With this substantial investment, Keiron Printing Technologies is poised to make significant strides in the electronics manufacturing sector. The company's focus on precision and efficiency aligns with industry demands, positioning it well for future growth and innovation.