Presto Engineering offers a labless model delivering product-engineering services and hardware to IDMs and fabless vendors, covering first-silicon characterization through product release and testing. The company maintains hubs with state-of-the-art lab capabilities and experienced engineers in Silicon Valley, Grenoble and Normandy and is ISO 9001 certified. Its services include RF and 3-D semiconductor integration, ATE, reliability testing, failure analysis and fault isolation. Presto is engaged in a multi-year collaboration with CEA-Leti to develop test and analysis capabilities for 3-D/TSV devices. Management says the company has demonstrated an impressive track record of revenue growth and customer momentum. The new funding will be used to strengthen RF and 3-D services from existing hubs and to support regional expansion of new hubs worldwide. Presto Engineering is a San Jose, CA-based provider of product engineering services to the semiconductor industry. It offers comprehensive chip testing and analysis services to help IDMs and fabless customers improve new device predictability and reduce time to market by complementing internal resources. The company operates a French-based subsidiary, Presto Engineering EUROPE, and plans to run a hub in Caen, France. Presto will acquire lab infrastructure in Caen from NXP Semiconductor. The company intends to invest in new RF and 3D-integration technologies. The new funding will support its European expansion and ongoing technology investments.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2011