Cascade Microtech receives new round of equity financing from HP and Maristeth Ventures

Cascade Microtech (Beaverton, OR) announced the closing of a new round of three-million-dollar equity financing from Hewlett-Packard Co. and Maristeth Ventures Fund of Tacoma, WA. The funds will be used to expand manufacturing capacity and to fund working capital growth, required by increasing demand for Cascade's Pyramid Probe cards and automatic parametric and RF probing systems.

HP, which owns a minority equity position in Cascade Microtech, has increased its investment in Cascade, strengthening their relationship as partners in the development and production of semiconductor test solutions.

The Maristeth Ventures, LLC, through its Fund I, is part of the Carlson Group of Tacoma, WA. The Carlson Group specializes in ventures operating in the technology industry, including venture capital markets. To fund its growth and investments, Cascade Microtech also continues to use Silicon Valley Bank.

Another application for the new funding is to further advance the development of Cascade's state-of-the-art PS21 automatic wafer prober. The PS21 automatic prober brings the high-accuracy, high-performance capabilities of Cascade's research and development probers into the production environment.

Cascade Microtech, Inc. Phone: 503-601-1672