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MAPPER Lithography

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Netherlands-based developer of lithography machines for the chip industry

Delft, NetherlandsFounded 2000Semiconductors
Valuation <$5M Last recorded · 2007
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About MAPPER Lithography

MAPPER Lithography, a spin-off from the Delft University of Technology, was established in 2000 by Pieter Kruit and Bert Jan-Kampherbeek. The company embarked on a mission to develop a maskless lithography system for the semiconductor industry, a technology with the potential to significantly alter the chip manufacturing landscape. Its core technology centered around a multiple e-beam approach, designed to offer high-resolution chip patterning without the need for expensive and complex photomasks. This process aimed to provide a more cost-effective and flexible method for producing next-generation semiconductors, particularly for smaller production runs and research and development phases.

The company's journey was marked by substantial fundraising efforts, attracting over 300 million euros in investments from notable backers such as Russian sovereign wealth fund Rusnano and various venture capital firms. MAPPER's business model focused on the sale of these advanced lithography machines, targeting major players in the semiconductor manufacturing sector. Its key product, the FLX-1200, was a testament to its technological pursuits, utilizing 1,300 parallel electron beams to draw circuits directly onto silicon wafers. Despite its advanced technology and the significant capital raised, MAPPER faced considerable challenges in commercializing its systems and achieving the required throughput and reliability to compete with established industry giants like ASML. These operational hurdles ultimately led the company to file for bankruptcy in late 2018. Following the bankruptcy, key assets and a significant portion of the staff were acquired by ASML, a dominant force in the lithography market, in early 2019.

Source: Dealroom company data

At a glance

Founded
2000
Headquarters
Delft, Netherlands
Sector
Semiconductors

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Quest for Growth
  • Capricorn Partners

Series B and later3 investors entered at this stage

  • Parcom Capital
  • Hoving & Partners SA
  • Rusnano
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇳🇱 Netherlands · Delft HQ
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Market sentiment

Posts on X, past 7 days

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