Microsoft-backed startup raises $40 million for advanced chipmaking equipment tech

Lace raised $40 million in funding to advance a chipmaking equipment technology that could enable significant advances in semiconductor design and manufacturing; the startup is backed by Microsoft. The capital is aimed at development and scaling of the technology but is an early-stage private-market event with limited near-term impact on public markets.

Analysis

Lace raised $40 million in funding to advance a chipmaking equipment technology that could enable significant advances in semiconductor design and manufacturing; the startup is backed by Microsoft. The capital is aimed at development and scaling of the technology but is an early-stage private-market event with limited near-term impact on public markets.