About Picosun
Picosun is an Industrial Goods & Manufacturing company based in Espoo (Finland) founded in 2004, and was acquired by Applied Materials in June 2022. Thin-film coating machinery for atomic layer deposition is developed. Picosun has raised $21.08 million across 2 funding rounds from investors including Applied Materials, CapMan and First Fellow Partners. Its focus areas include Chemicals and Materials Tech, Materials Tech, Manufacturing and Thin Film Production.
Company details
Picosun was founded in 2004 in Espoo, Finland, where thin-film coating machinery for atomic layer deposition (ALD) is produced. Ultrathin, uniform layers are applied to substrates using gas-phase chemical reactions at the surface. The P series targets industrial production, while the R series supports pilot operations. Clients include manufacturers of integrated circuits, MEMS, optical and display devices, and medical equipment. Plasma-enhanced ALD machinery is also manufactured.
- Headquarters Espoo, Finland
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Website picosun.com
- Social LinkedIn X YouTube
- Acquired by Applied Materials (Jun 2022)
- Total Equity Funding$21.08M (USD)
in 2 rounds
- Latest Funding Round$13.64M (USD), Series A
Jun 2019
- InvestorsApplied Materials
& 5 more
- Acquired byApplied Materials
(Jun 2022)
Apps and channels of Picosun
its YouTube channel Applied Materials has 13.2K subscribers and 30 videos.
Videos from Picosun
The most watched videos on Picosun's YouTube channel, Applied Materials (13.2K subscribers). Click a video to play it here.
More on Applied Materials.
Funding Insights of Picosun
Picosun has successfully raised a total of $21.08M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13.64 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $21.08M
- Total Rounds 2
- Last Round Series A — $13.64M
- First Round $7.44M
(Sep 2013)
- Investors Count 5
All 2 funding rounds of Picosun with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $13.64M | Series A | – | CapMan, First Fellow Partners | |
| Sep 2013 | $7.44M | Angel Round | – | – | – |
6 investors in total: 4 institutional and 2 angel.
Investors in Picosun
Picosun has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Applied Materials, CapMan and First Fellow Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management firm | 1989 | capman.com | Helsinki, Finland | |
Venture capital investments are made in early-stage tech startups. | firstfellow.com | Helsinki, Finland | ||
Private equity investment firm | tesi.fi | Helsinki, Finland | ||
Materials engineering solutions are supplied for semiconductor and electronics industries. | 1967 | appliedmaterials.com | Santa Clara, United States | |
HT Hannu Turunen | Finnish angel investor in Indian startups, focused on tech and innovation. | unknown_ea83028f746243039 | ||
RO R.Ruth Oy | unknown_9414972b56694415b |
Investor details for Picosun
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Timeline of Picosun
4 dated milestones of Picosun across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Picosun is founded.
- Funding First funding round of $7.4M.
- Funding Latest funding round, Series A, of $13.6M.
- Exit Acquired by Applied Materials.
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Frequently Asked Questions about Picosun
Picosun was founded in 2004 and raised its 1st funding round 9 years after it was founded.
Picosun is headquartered in Espoo, Finland.
Picosun is a funded company, having raised a total of $21.08M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $7.44M, raised on Sep 2013.
Picosun was founded in 2004 in Espoo, Finland, where thin-film coating machinery for atomic layer deposition (ALD) is produced. Ultrathin, uniform layers are applied to substrates using gas-phase chemical reactions at the surface. The P series targets industrial production, while the R series supports pilot operations. Clients include manufacturers of integrated circuits, MEMS, optical and display devices, and medical equipment. Plasma-enhanced ALD machinery is also manufactured.
Picosun has 6 investors. Key investors include Applied Materials, CapMan, First Fellow Partners, Hannu Turunen, and R.Ruth Oy.
Yes. Picosun was acquired by Applied Materials in June 2022.