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Aquest Systems
Automation equipment for the semiconductor manufacturing industry
About Aquest Systems
Aquest Systems, founded in 2004 by Mihir Parikh, operated from Sunnyvale, California, positioning itself within the semiconductor manufacturing sector. As Founder & CEO, Mihir Parikh led the company.
The firm specialized in providing automation equipment for semiconductor fabrication plants. Its core offering was a concept termed "No-Wait-Manufacturing," an automation solution designed to enhance productivity in fabrication facilities (fabs). This was achieved by reducing the manufacturing cycle-time and improving the utilization of equipment. The system also aimed to offer greater flexibility in the layout and expansion of integrated circuit (IC) fabs.
From a financial perspective, Aquest Systems secured significant venture capital backing. The company's funding history includes a Series A round of $500K in June 2004 and a Series B round of $2M in February 2006. A substantial Series B funding round was completed on February 26, 2007, raising $20 million from investors including Global Catalyst Partners, Menlo Ventures, Pinnacle Ventures, and Walden International. Despite this backing, the company ultimately ceased operations and was reported as closed down in 2010.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Feb 2007 | $20M | $80M | Walden International · Menlo Ventures · Global Catalyst Partners · Pinnacle Ventures | — |
Growth signals
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Investments and acquisitions
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Investors
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Series A4 investors entered at this stage
Menlo Ventures
Walden International
Global Catalyst Partners
Pinnacle Ventures
Source: Dealroom Talent Intelligence.
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