Persimmon Technologies develops hybrid-field motor technology and 3D deposition processes to manufacture motor components and increase power density. Its first prototype increases stator effective area to deliver higher output with comparable size and material cost. The company also offers vacuum robotics products and is expanding that portfolio. Development has been funded largely by four National Science Foundation grants and recent investment activity. New funding will be used to expand the vacuum robotics product line and further develop the hybrid-field motor technology. ABB's investment will support joint development and the exchange of R&D information on Persimmon's industrial motors. Persimmon Technologies develops next-generation vacuum robotics and a disruptive Hybrid-Field electric motor technology for semiconductor, LED, flat panel display and solar equipment markets. Its vacuum robot technology emphasizes mechanical design, controls technology and advanced software and has over 20 patents pending. The Hybrid-Field motor approach replaces traditional stamped and laminated stator construction with spray deposition methods and was initially funded via an NSF SBIR Phase I grant (July 2011) with a follow-on Phase II award (September 2012). The company is also the exclusive U.S. sales representative for Nidec Sankyo atmospheric robotic products and highlights a management team with over 60 years of experience in robotics and automation. Persimmon is headquartered in Wakefield, Massachusetts. Recent financing will support expanding the vacuum robotics product portfolio, further developing Hybrid-Field motor technology, expanding global distribution and ramping manufacturing operations. Persimmon Technologies provides atmospheric and vacuum robotics, vacuum modules, and automation systems to the semiconductor, data storage, LED, OLED, solar, and flat-panel display equipment markets. The company is headquartered in Wakefield, Massachusetts. Its management team has over 60 years of combined experience in development, manufacture, and distribution of robotics and automation products. Persimmon is the exclusive U.S. sales representative for Nidec Sankyo atmospheric robotic products. The filing describes Nidec Sankyo as an $8 billion, publicly traded company headquartered in Nagano, Japan with manufacturing facilities in Japan, Taiwan, and China. In a regulatory filing the company disclosed a $2 million equity raise with a single investor participating.

Total raised

$14M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2014