Attolight announces that it has raised CHF1.5 million from both institutional and private investors: these include Aargauische Kantonalbank, Zürcher Kantonalbank, StartAngels Network and Verve Capital Partners (investiere.ch). The strong participation of existing investors in this 2nd financing round confirms their confidence in the future of Attolight.
“This funding is a clear endorsement of the successful development of Attolight and the confidence of its investors in the company`s tools and will help it to become an established player in the addressed key markets”, said Samuel Sonderegger, Attolight’s CEO.
Attolight has appointed Erik Smith as a new member of the Board. With a proven track record in leading technology companies, Smith brings an excellent understanding of the requirements needed for Attolight to succeed in the global semi-conductor equipment market. Smith is presently running the half billion dollar semi-conductor, solar and LED capital equipment division at Flextronics.
“The appointment of Erik Smith is an excellent opportunity for Attolight to benefit from his strong expertise both in high-tech industries and across the Asian market”, said Peter Müller, director of Attolight and President of the StartAngels Network.
About Erik Smith:
Smith started his career with Ultratech, a leading supplier of lithography and laser-processing systems used in the manufacture of semi-conductor devices and high-brightness LEDs, where he held a variety of roles, including leading its Asian operations from Tokyo and spending 5 years as the Senior Vice President of Sales and Marketing. After Ultratech, he was the COO of a thin film materials start-up company and the founder and CEO of Alta-Energy, a solar market-place company serving the commercial rooftop market.