Hprobe raises over 2 million Euros to support its MRAM device testing equipment development

Hprobe, a developer of testing equipment for magnetic devices, has raised more than 2 million euros from a group of international investors. The new funds will support Hprobe's spintronics device testing development - which include MRAM and TMR sensors.

Hprobe MRAM Wafer Level Magnetic Tester on a TEL Prober photo

The investment round was led by Germany-based High-Tech Gründerfonds (HTGF), a public-private venture capital investment firm. Other investors include Taiwan ITRI's ITIC VC firm and TEL Venture Capital.

Hprobe recently announced that it developed a new technology for ultra-fast (first Hprobe MRAM tester was qualified for production use by a major Taiwan-based foundry and on April 2019 the company announced that it has teamed up with the IMEC research institute to jointly extend Hprobe's fast testing protocols for SOT-MRAM devices.

Posted: Feb 06,2020 by Ron Mertens