# Persimmon Technologies Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/persimmon-technologies

- Industry: Industrial Machinery
- Headquarters: Wakefield, US
- Website: www.persimmontech.com
- Total disclosed funding: $14M
- Latest round: Series B (Mar 10, 2014)
- Investors on record: 5

## About

Persimmon Technologies Corporation develops advanced electric motor technology and vacuum robotics, delivering solutions primarily for the semiconductor and electronics industries, focusing on precision and efficiency in manufacturing processes.Founded in 2010 in Wakefield, US, Persimmon Technologies Corporation specializes in electric motor technology and vacuum robotics. The company was acquired by Sumitomo Heavy Industries, Ltd. in February 2017, marking a significant business development. Michael Pippins serves as CEO, leading the firm through its various operational focuses and innovations. Persimmon has engaged in a total of 8 deals, with its latest funding round being a Series B in which it raised USD 8.20 mn, led by Intel Capital, among other notable investors.Persimmon Technologies specializes in high-performance electric motor technology and vacuum robotics, serving the semiconductor, power electronics, LED, and advanced packaging equipment markets. The company develops advanced direct drive vacuum robotics engineered for precision in semiconductor manufacturing, enabling clients to produce next-generation computer chips. Additionally, Persimmon offers high-performance servo motors for challenging applications, including their innovative Hybrid Field Motor technology, which promises up to double the output of conventional motors. Their products are marketed globally, with significant demand in North America, Europe, and Asia.Persimmon Technologies generates revenue through direct sales of its electric motors and vacuum robotics solutions to business clients in the semiconductor industry, primarily engaging in B2B transactions. Contracts are established based on project scope and specific client needs, with pricing determined through negotiated agreements. Their flagship products are sold at various price points reflecting the advanced technology and performance capabilities offered.Looking ahead, Persimmon Technologies plans to launch new products designed for enhanced performance in semiconductor manufacturing and robotics. The company is targeting expansion into new geographic regions, focusing on increased market penetration in Asia and Europe by 2025. The recent Series B funding, totaling USD 8.20 mn, will be utilized to support these growth initiatives, including product development and regional expansions.

## Funding rounds

- Series B, Mar 10, 2014, $8.2M — Intel Capital, ABB Technology Ventures, Nidec Sankyo, The Bernard M. Gordon Charitable Remainder UniTrust, Berwind Private Equity
- Series B, Jan 14, 2013, $5.8M — Intel Capital, Nidec Sankyo, The Bernard M. Gordon Charitable Remainder UniTrust

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Nidec Sankyo — Series B
- The Bernard M. Gordon Charitable Remainder UniTrust — Series B
- ABB Technology Ventures (https://capitalatlas.ai/funds/abb-technology-ventures) — Series B
- Berwind Private Equity (https://capitalatlas.ai/funds/berwind-private-equity) — Series B