07/11/2010 (8:24 pm)
Advanced Inquiry Systems raises $10 million
Advanced Inquiry Systems Inc., a company developing a semiconductor testing technology, has raised $10 million in a Series C round from a group of investors, according to a new filing with the U.S. Securities and Exchange Commission.
The money will be used to help bring a product to market.
The Hillsboro company closed a $11 million Series B round last year, bringing its funding up to $33 million at the time.
The company has developed a proprietary silicon-based testing platform to enable lower cost testing of memory devices pay day advance.
The company’s previous investors include OVP Venture Partners, TL Ventures, Intel Capital, Applied Ventures, KT Ventures and Northwest Technology Ventures. The Series C round included a new undiscloved investor.
The company was founded in 2002. It declined to disclose revenue on its most recent SEC filing.
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