News
Press Release
SYNTRICITY COMPLETES $5.8 MILLION IN SERIES B FUNDING
New funds to accelerate business and market expansion for Enterprise Yield Management
SAN DIEGO, CALIFORNIA, JANUARY 11, 2006 – Syntricity Inc., a provider of enterprise yield management (EYM) software for the semiconductor industry, today announced that it has secured $5.8 million in Series B preferred funding. The funding round was led by Windward Ventures with participation by new and current investors. New investors included GKM Ventures of Los Angeles and its affiliate fund Osprey Ventures of Menlo Park, Calif. The funds will be used to accelerate sales of its dataConductorEP™ EYM system used by semiconductor manufacturers to analyze data from facilities around the world to improve yield.
“2005 was a significant growth year for Syntricity. Along with existing shareholders, we are pleased to have GKM Ventures and Osprey Ventures as new investors in the company,” said Marc Friedmann, Syntricity president and CEO. “The additional funds will support Syntricity’s penetration of the growing market for enterprise yield management.”
Syntricity’s dataConductorEP has become the yield management system of choice for over 40 leading semiconductor companies. With dataConductorEP, customers have reduced their costs of characterization yield analysis by 75 percent and time to yield by 33 percent, saving millions of dollars each year through dynamic production yield management.
About Windward Ventures
Windward Ventures is a classic venture capital partnership organized in 1997 to produce superior investment returns by providing capital and management assistance to early stage, high growth companies in Southern California. The firm manages a dedicated pool of capital provided by a group of institutional investors, wealthy individuals and successful entrepreneurs. In addition, the firm occasionally manages direct investments on behalf of its limited partners. The partners of Windward Ventures have extensive experience as venture capital investors, senior managers, and entrepreneurs. For more information, visit www.windwardventures.com.
About GKM Ventures
GKM Ventures, with offices in Los Angeles (HQ) and Menlo Park, is a leading venture capital fund investing $1.5 to $5 million in rapidly growing technology companies located in California and the Western U.S. Our industry preference spans several growth sectors: communications, enterprise software and IT services, semiconductors and digital media. For more information, visit www.gkmventures.com.
About Syntricity, Inc.
Syntricity is the pioneer in enterprise yield management. Its yield management software is used by leading semiconductor companies, test vendors and wafer foundries to gather, manage and analyze data from facilities around the world to improve yield, reduce product development cycles, and increase profits. A privately-held company, Syntricity is headquartered in San Diego, California.
Media Contacts:
Andrea Roberts, Technical Media
AR Marketing, Inc, (858) 451-8666
Valerie Chereskin, Business Media
Chereskin Communications, (760) 942-3116