TLDR:
- Applied Materials’ corporate VC arm, Applied Ventures LLC, has invested in VVDN Technologies, an electronics product design and manufacturing firm.
- The investment is expected to help VVDN Technologies expand its research and development of next-generation semiconductor technologies.
Applied Ventures LLC, the corporate venture capital arm of Applied Materials Inc, has made an undisclosed investment in VVDN Technologies, a homegrown electronics product design, software, and manufacturing firm. The investment, estimated to be around $150-200 million, is a mix of primary and secondary funding. VVDN Technologies, founded in 2007, focuses on designing and manufacturing products across various technology verticals and serves global customers in regions like the US, Europe, and Asia.
The strategic growth funding from Applied Ventures is expected to help VVDN Technologies expand its research and development efforts in next-generation semiconductor technologies and electronic products. With Applied Ventures’ support, VVDN aims to enhance its design and manufacturing capabilities to cater to global semiconductor and systems companies. This investment aligns with Applied Ventures’ commitment to advancing India’s electronic product engineering and design capabilities and fostering innovation in the semiconductor ecosystem.
Omkaram Nalamasu, senior vice president and chief technology officer of Applied Materials Inc, and president of Applied Ventures, LLC, highlighted the opportunities in the Indian technology ecosystem for investing in and collaborating with innovative deeptech companies. The investment in VVDN Technologies aims to support India’s growth in electronic product engineering and design, contributing to the development of a thriving semiconductor ecosystem.
