MachineMetrics Inc. announced that it expects to receive $20.027084 million in funding
June 31, 2021
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MachineMetrics Inc. announced that it will receive $20,027,084 in a round of funding on June 1, 2021. The company will issue 4,578,179 series B-1 preferred shares at issue price of $3.75695 per share for the gross proceeds $17,199,989.59405 and 1,279,060 series B-2 preferred shares at issue price of $2.21029 per share for the gross proceeds $2,827,093.5274 in the transaction. The shares will be convertible in common shares at a price of $3.75695 and $2.21029 per share respectively. The round will be raised at post money valuation of $46,841,261. The company will issue securities pursuant to exemption provided under Regulation D.
Teradyne, Inc. specializes in the development, manufacturing and marketing of automatic test equipments. Net sales break down by family of products as follows:
- semiconductor tester (72.4%);
- system testing solutions (13.1%): testers of integrated circuit, digital network cards, electronic modules, military and aerospace instruments, car diagnostic systems, etc.;
- industrial automation solutions (9%);
- wireless test solutions (5.5%): for mobiles devices and equipments manufacturers (smart phones, tablets, laptops, etc.).
Net sales break down by source of income into sales of products (86.2%) and services (13.8%; consulting, development, training and technical support services).
Net sales break down geographically as follows: the United States (10.3%), Taiwan (37.8%), China (14.9%), Korea (12.5%), Europe (6.6%), Japan (4.6%), Thailand (4.4%), Singapore (2.4%), Philippines (2.2%), Malaysia (1.8%) and other (2.5%).
TERADYNE INC. 
