MachineMetrics Inc. announced that it has received $20.027084 million in funding from Teradyne, Inc., Ridgeline Ventures, LLC, BGV Management, LLC, Tola Capital, LLC
June 15, 2021
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On June 16, 2021, MachineMetrics Inc. closed the transaction. The company announced that it has received $20,000,000 in funding led by new investor Teradyne, Inc. The transaction also included participation from new investor Ridgeline Ventures, LLC, existing investors BGV Management, LLC, and Tola Capital, LLC.
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%).
MachineMetrics Inc. announced that it has received $20.027084 million in funding from Teradyne, Inc., Ridgeline Ventures, LLC, BGV Management, LLC, Tola Capital, LLC