Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here
Crossing Automation has raised $6 million in a first round of capital to expand its wafer-automation equipment business for chip factories.
The Mountain View, Calif.-based company makes automated wafer-transfer systems. Backers include Intel Capital and Tallwood Venture Capital.
Crossing Automation was founded in 2003 to build a system that can handle large silicon wafers and move them from one piece of equipment to another inside a chip factory. The company argues that its system can save $24 million a year in comparison to past systems.
Jed Keller, CEO, says that the company’s goal is to hit $20 million in revenues by 2010. To date, the company’s tool is available in a beta-test version and the launch is expected in July. The company has a dozen employees and it plans to outsource the manufacturing of its product.
VentureBeat’s VB Insight team is studying email marketing tools.
Chime in here, and we’ll share the results