Luminescent, lithography- enhancement company, raises $9M more
Luminescent Technologies, a Palo Alto, Calif provider of lithography-enhancement products for the chip industry, said it has raised $9 million in a new financing round.
Here is the statement
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The round was led by Adams Capital Management and included existing investor Sevin Rosen Funds.
With the new financing in place, Luminescent CEO David Fried has stepped down, and is being replaced by Moris Kori, who previously was EVP of Products.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
