Cerel Advanced Ceramics and Technologies has raised $1.5 million in its fourth financing round. The company develops special ceramics glazing that can be used in the semiconductors industry for making various chips.
Clal Electronic Industries led the round with $700,000. The remainder was placed by Vertex Management Israel and Ophirtech.
Cerel is in advanced talks to expand the round by another $1.5 million.
Cerel was founded in 1995 as part of the Technion Israel Institute of Technology technology incubator. In the framework of the incubator Cerel developed its electrophoretic deposition technology, and in 1998 separated from the incubator and began focusing on developing technological applications for making multiple-chip systems.
The company is located in Yokneam, and is headed by Ariel Landau. Shareholders include PAMOT Venture Capital, Dimotech, founded by the Technion R&D Foundation, the Technion Entrepreneurial Incubator Company, founders and employees.