BT Imaging Pty Ltd., an Australia-based maker of inspection tools for solar cell manufacturing, has raised A$3 million in Series A funding. Allen & Buckeridge Venture Capital led the round, and was joined by UniSeed.
BT Imaging Pty Ltd., a global supplier of inspection tools for solar cell manufacturing, announced today that it has closed a A$3M Series A financing. The round was led by Allen & Buckeridge Venture Capital with participation from UniSeed.
“BT Imaging in a very short period of operations has built an enviable base of top tier partners and customers. The company is well positioned to benefit from the boom in solar cell manufacturing,” said David Landers, Partner, Allen & Buckeridge. “With the exceptional benefits that BT Imaging's tools bring to solar cell manufacturers we believe the company will become a major player in the solar manufacturing supply chain.”
“The expansion of the photovoltaic market is happening right now. We are seeing a clear demand for our inspection tools by solar cell manufacturers as the next step in the increasing sophistication of manufacturing technologies in this industry. Our technology allows manufacturers to extract more value from their investments in manufacturing plant, by increasing the electrical efficiency, and hence the value, of their product, as well as reducing the instances of reject product,” said Dr Ian Maxwell, CEO of BT Imaging. “This round of financing allows us to properly position BT Imaging in a market that is now recognizing the value of inline quality control. BT Imaging will continue to grow its LIS