Novellus Systems
4000 North First Street, San Jose, CA, 95134, United States
Overview
Novellus Systems, Inc. (Novellus), together with its subsidiaries, develops, manufactures, sells and support equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. Customers for this equipment manufacture chips for sale or for incorporation in their own products, or provide chip-manufacturing services to third parties. Novellus also develops, manufactures, sells and supports grinding, lapping and polishing equipment for a range of industrial applications. The Company operates in two segments: the Semiconductor Group and the Industrial Applications Group (IAG). Its Semiconductor Group develops, manufactures, sells, and supports equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. The Industrial Applications Group is a supplier of lapping, grinding, polishing, and deburring equipment for fine-surface optimization.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Hardware
- Manufacturing
- Software
Investment portfolio
- Ethereal Machines
Participated · Series B · Apr 2026
Founded by Kaushik Mudda and Navin Jain and described as a decade-old company, Ethereal Machines builds proprietary multi-axis CNC machines that produce precision engineering components at faster and more cost-effective rates. The Bengaluru-based startup sells its machines and components to precision engineering customers and has been expanding financing—most recently via its Series B. Financially, the company reported operating revenue of Rs 11.45 crore and a loss of Rs 27.27 crore for the fiscal year ended March 2025. Its Series B values the business at about Rs 1,470 crore and involved both new and existing investors, increasing institutional ownership stakes. The company previously raised a $13 million Series A and has been active in pursuing further growth capital.
Team
Timothy M. Archer
COO