Alixlabs has closed a 15-million-euro Series A round, backed by a strategic investment from Finnish firm Stephen Industries. The funding marks a step toward commercialization of the Swedish startups’ atomic pitch splitting technology (APS), a multi-patterning technique derived from atomic layer etching that could reduce reliance on EUV lithography.
The involvement of Stephen Industries adds more than capital. Chairman and president Kustaa Poutiainen brings experience from scaling Picosun into a global player in atomic layer deposition, a closely related technology. Applied Materials acquired the Finnish firm in 2022.
The fresh capital will be used to accelerate product development, expand engineering capabilities and deepen ties with semiconductor manufacturers. Alixlabs is working with VDL ETG Projects to develop a first-of-a-kind APS tool.
