1 The EIC Accelerator Project

EIC Accelerator Program Overview

The European Innovation Council (EIC) Accelerator program is a pivotal initiative designed to support startups and small and medium-sized enterprises (SMEs) that are developing deep tech innovations. Focused on high-risk, high-potential projects, the program aims to bridge the financing gap that often hinders the scaling of innovative companies. The EIC Accelerator offers a unique blended finance model featuring grants and equity investments, enabling businesses to advance their technological projects and contribute to the European economy.

Funding Structure of the EIC Accelerator

The EIC Accelerator provides funding in two main forms: grants and equity.

Purpose of the EIC Accelerator

The EIC Accelerator serves several critical functions within the European DeepTech and startup ecosystem:

• Innovation Support: By providing financial backing, the EIC Accelerator encourages innovative solutions that can tackle pressing societal challenges, such as climate change and health crises.
• Market Entry Facilitation: The program assists startups in navigating the complex landscape of market entry, enabling them to connect with potential customers and partners.
• Investment Attraction: By offering substantial funding, the EIC Accelerator enhances the attractiveness of recipient companies to private investors, fostering a vibrant investment environment.

Role in Scaling Companies

The EIC Accelerator plays a crucial role in helping companies scale by providing not only financial resources but also strategic guidance. The program connects companies with experienced mentors and experts who can offer insights into market dynamics, regulatory challenges, and commercialization strategies. This support is invaluable for startups looking to transition from research and development phases to successful market operations.

NEARFIELD INSTRUMENTS B.V. and the AUDIRA Project

Company Overview: NEARFIELD INSTRUMENTS B.V., based in the Netherlands, has emerged as a leader in developing advanced metrology solutions for the semiconductor industry. The company’s innovative approaches aim to enhance manufacturing processes and improve product quality in a rapidly evolving tech landscape.

Project Acronym: AUDIRA

Project Description: The AUDIRA project focuses on creating a non-destructive, fully automated subsurface metrology and inspection solution specifically designed for the semiconductor industry. This technology addresses the critical need for precise quality control and defect detection in semiconductor manufacturing, where the integrity of materials is paramount.

Technology Background

The AUDIRA project harnesses cutting-edge non-destructive testing (NDT) methodologies, which allow for the evaluation of materials and components without causing damage. By employing sophisticated imaging techniques and automated inspection protocols, the AUDIRA system is designed to identify subsurface defects that could compromise the performance and reliability of semiconductor devices.

Key Components of the Technology:

• Non-Destructive Techniques: The technology utilizes advanced imaging modalities such as acoustic, electromagnetic, and optical methods to assess material integrity at a microscopic level.
• Automation: Fully automated processes ensure high throughput and repeatability, reducing the time and labor costs associated with manual inspections.
• Data Analytics: Integrated data analytics capabilities provide real-time insights into manufacturing processes, enabling manufacturers to make informed decisions and optimize production lines.

Conclusion

The EIC Accelerator program stands as a critical pillar for fostering innovation and scaling startups in Europe, particularly in the deep tech sector. By offering a combination of grants and equity, the program empowers companies like NEARFIELD INSTRUMENTS B.V. to develop groundbreaking technologies such as AUDIRA. This innovative solution not only enhances the semiconductor manufacturing process but also aligns with the broader goals of sustainability and efficiency in high-tech industries. Through its targeted support, the EIC Accelerator is instrumental in propelling Europe’s technological landscape forward.

2 The Funding Rounds

# NEARFIELD INSTRUMENTS: Funding Journey and Recent EIC Accelerator Success

Nearfield Instruments, a Dutch semiconductor metrology and inspection solutions provider, has established itself as a significant player in the semiconductor equipment industry. The company has recently secured the prestigious EIC Accelerator funding and completed a substantial Series C funding round, marking important milestones in its growth trajectory.

EIC Accelerator Funding

Nearfield Instruments proudly announced on July 15, 2024, that it had been awarded the highly competitive EIC Accelerator funding. The company was selected through a rigorous process where only 68 companies out of 969 submissions were chosen for funding, representing a combined success rate of just 7%. The selection process included multiple stages, with companies first submitting proposals by the March 13, 2024 cutoff date, followed by interviews for shortlisted candidates.

The EIC Accelerator funding program distributed a total budget of €411 million in the March 2024 call, with €165 million allocated as grants and €245 million as equity investments. While the exact amount received by Nearfield Instruments wasn't specified, the average funding package across all recipients was approximately €6.04 million, consisting of an average grant of €2.46 million and equity investment of €3.71 million.

Series C Funding Round

Shortly after receiving the EIC Accelerator funding, Nearfield Instruments announced a significant Series C funding round in July 2024. The company raised €135 million (approximately $148 million) in what was described as the largest deep-tech investment in the Netherlands and the second-largest capital raise in the semiconductor fabrication equipment market in Europe and the U.S. in the past five years.

The Series C round was oversubscribed and led by two new major investors: - Walden Catalyst, an industry-leading U.S. deep-tech venture capital firm

Temasek, a global emerging technology investor from Singapore

Additional participants included: - M&G Investments (as a co-investor through its Catalyst strategy)

Existing investors: Innovation Industries, Invest-NL, and ING

This substantial funding will enable Nearfield Instruments to ramp up production capacity, expand its R&D capabilities, launch new products, and strengthen its position in the semiconductor equipment industry.

Company Background and Technology

Founded in 2016 by CEO Hamed Sadeghian, Nearfield Instruments is a spin-off from the Dutch research institute TNO. The company aims to revolutionize semiconductor metrology and inspection by providing in-line, non-destructive nanometrology solutions for advanced 3D memory and logic devices.

Nearfield's technology combines high resolution with high throughput, which is essential for the production of advanced semiconductor nodes. The company is competing with industry giants like ASML and Applied Materials, focusing on measuring and inspecting silicon wafers to ensure chips meet the highest manufacturing standards. This technology is particularly crucial for maintaining high production yields in advanced processes used in AI chip manufacturing.

Corporate Structure and Locations

Nearfield Instruments is headquartered in Rotterdam, with additional offices in Eindhoven, the Netherlands, and Pyeongtaek, South Korea. Its strategic presence in South Korea positions the company close to major semiconductor manufacturers in the region.

Future Outlook

With the recent EIC Accelerator funding and the substantial Series C investment, Nearfield Instruments is well-positioned to accelerate its growth and expand its product portfolio. The company aims to address the semiconductor industry's increasing demands for advanced metrology and inspection solutions, particularly as chip manufacturers move to more complex and smaller node sizes.

The semiconductor equipment market continues to be critical for technological advancement, and Nearfield Instruments' innovative approach to nanometrology positions it as a potentially significant contributor to this industry's evolution.

Sources: - Nearfield Instruments selected for EIC Accelerator funding

• Dutch chip equipment startup Nearfield Instruments raises $148 million in funding to ramp up production
• Nearfield Instruments has raised Series C funding from Walden Catalyst, Temasek, M&G Investments and existing shareholders Innovation Industries, Invest-NL and ING
• EIC Accelerator: Statistics and Results from the March 2024 call
• EIC Accelerator March 2024 Results: A Detailed Analysis of Funding Distribution and Success Rates

3 The Press Releases

Nearfield Instruments: A Leader in Semiconductor Metrology

Nearfield Instruments, a Netherlands-based company, was awarded the prestigious EIC Accelerator funding in 2024. This recognition highlights the company's innovative approach to semiconductor metrology and inspection.

Background and Technology

Nearfield Instruments specializes in developing high-precision measurement technologies for chip production. Their QUADRA 3D metrology system provides non-destructive, high-resolution capabilities crucial for advanced semiconductor manufacturing. This technology is particularly vital as modern chips now contain more than 100 billion transistors in an area the size of a fingernail.

Expansion and Growth

Following the EIC Accelerator funding, Nearfield Instruments announced a fully booked order schedule for 2025, prompting significant expansion plans. The company aims to enhance its infrastructure with new, larger cleanroom facilities, office space, and automated test systems to accelerate production. This expansion is driven by the need to meet both current and future demand in the rapidly growing semiconductor industry.

Market Position and Impact

With its robust technology and strategic expansion, Nearfield Instruments is positioned to become a global player in the semiconductor sector. Analysts suggest that the company could join the ranks of established names like ASML, ASM, and Besi. This growth not only strengthens the Netherlands' position as a hub for high-tech innovation but also promises to create new high-quality jobs.

Recent Developments and Outlook

Nearfield Instruments continues to support the semiconductor industry's evolution by enabling customers to push the boundaries of next-generation chip production. The company's commitment to technological advancements and customer support underscores its potential for continued success in the sector.

Press Releases and Updates

Press releases and updates from Nearfield Instruments primarily focus on their technological advancements, expansion plans, and the impact of their innovative solutions on the semiconductor industry. The company's website and related media often highlight their achievements in semiconductor metrology and inspection, as well as their strategic moves to strengthen their market presence.

Sources

• Nearfield Instruments selected for EIC Accelerator funding
• Nearfield Instruments eyes expansion with robust 2025 bookings
• Portfolios - Nearfield Instruments

4 The Technology Advancements

Current Capabilities of Nearfield Instruments B.V.

Nearfield Instruments B.V., a Rotterdam-based company from the Netherlands, specializes in providing advanced metrology and inspection solutions for the semiconductor industry. Founded in 2016 as a spin-off from TNO, the company is renowned for its pioneering atomic-level precision measurement technology, which is crucial for modern chip production. Their flagship product, the QUADRA High-Throughput Process Control Metrology System, offers non-destructive, high-resolution capabilities essential for advanced semiconductor manufacturing.

Advancements Since EIC Accelerator Funding

After receiving EIC Accelerator funding in March 2024, Nearfield Instruments has demonstrated significant advancements:

• Expansion and Technology Development: The company has secured a fully booked order schedule for 2025, prompting expansion plans, including new cleanroom facilities to meet growing demand. This underscores the confidence in their cutting-edge technology.
• U.S. Expansion: Nearfield Instruments established a U.S. subsidiary, Nearfield Instruments USA Inc., to strengthen its presence in North America. This move follows multiple system orders from a U.S. customer, further solidifying its position in the global semiconductor market.
• Technological Enhancements: The QUADRA system recently introduced the "Lightning Mode," which significantly boosts image acquisition speed, making it the fastest in-line AFM metrology system available. This feature supports high-volume manufacturing by providing accurate, non-destructive 3D measurements with extremely high throughput.

Market Demonstration and Technology Adoption

Nearfield Instruments has effectively demonstrated its technology in the market through significant customer engagements:

• Customer Adoption: Major customers, including a U.S. client, have selected the QUADRA system for their production technologies. This adoption reflects the growing demand for the company's innovative metrology solutions.
• Global Presence: With operations now spanning all semiconductor-relevant continents, Nearfield Instruments supports global customers with state-of-the-art process control solutions, enhancing manufacturing efficiency and yield optimization.

Intellectual Property and Research Contributions

While specific details on new patents or scientific studies published since the EIC funding are not available in the current data, Nearfield Instruments' focus on technological advancements in semiconductor metrology continues to drive industry innovation.

Future Plans

The company is planning to go public in 2027 or no later than 2028, reflecting its strong growth trajectory and strategic position in the expanding semiconductor market. This move is supported by the rising demand for advanced measurement technologies, particularly driven by the AI boom in the chip industry.

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Sources: - New Repeat Orders for QUADRA High-Throughput Metrology ...

• Nearfield Instruments eyes expansion with robust 2025 bookings
• Nearfield Instruments receives Purchase Orders from Major US customer, establishes Nearfield Instruments USA Inc.
• Nearfield Instruments receives Purchase Orders from Major US customer and establishes Nearfield Instruments USA Inc.
• Dutch chip checking equipment maker Nearfield eyeing 2027 IPO
• Nearfield Instruments' QUADRA In-Line Semiconductor Metrology System Features New Lightning Mode
• Nearfield Instruments selected for EIC Accelerator funding
• Nearfield Instruments launches U.S. subsidiary
• Rotterdam's Nearfield Instruments establishes US subsidiary

5 The Partnerships and Customers

Nearfield Instruments B.V. Since EIC Accelerator Funding

Nearfield Instruments B.V., a Dutch company specializing in advanced metrology and inspection solutions for the semiconductor industry, received the EIC Accelerator funding in March 2024. Since then, the company has made significant strides in expanding its global presence and strengthening its relationships with key partners and customers.

Partnerships and Customers

Nearfield Instruments has recently established a U.S. subsidiary, Nearfield Instruments USA Inc., to enhance its presence in North America. This strategic move was driven by multiple system orders from a major U.S. customer, highlighting the market demand for its innovative metrology solutions. The company's flagship product, QUADRA, has been selected by this U.S. customer as part of their newest production technology development. Although specific customer names have not been disclosed, this partnership underscores Nearfield's growing influence in the semiconductor sector.

New Partners and Customers

There is no specific information available about new partners. However, the establishment of Nearfield Instruments USA Inc. and the reception of orders from a major U.S. customer indicate that the company is expanding its customer base in North America. Additionally, Nearfield Instruments has secured repeat orders from leading semiconductor manufacturers, further solidifying its position in the industry.

Nature of New Relationships

The new relationships forged by Nearfield Instruments are focused on enhancing its support for semiconductor manufacturers through high-precision, non-destructive metrology solutions. These partnerships aim to improve manufacturing efficiency and yield optimization, crucial for the production of next-generation semiconductor devices.

Impact on Market Positioning

The establishment of Nearfield Instruments USA Inc. and the expansion of its operations in North America will strengthen the company's global presence. It now has a commercial and operational presence on all continents relevant to the semiconductor industry, positioning it as a key player in the sector.

Technology Advancements and Scaling

The partnerships and customer relationships will facilitate Nearfield Instruments' technology advancements by driving demand for its cutting-edge metrology technologies. The company's growth trajectory and full order book for 2025 indicate increased confidence in its solutions, which are vital for advanced semiconductor manufacturing. This positions the company well for further technological development and scaling, particularly with plans for new cleanroom facilities and infrastructure expansions.

Conclusion

In summary, Nearfield Instruments B.V. has significantly enhanced its market position and technological capabilities since receiving the EIC Accelerator funding. The establishment of its U.S. subsidiary and the reception of major orders from a U.S. customer are key milestones in its expansion strategy. These developments will facilitate further technology advancements and scaling, reinforcing Nearfield Instruments' role as a leader in semiconductor metrology.

Sources

• Nearfield Instruments receives Purchase Orders from Major US customer, establishes Nearfield Instruments USA Inc.
• Portfolios - Nearfield Instruments
• New Repeat Orders for QUADRA High-Throughput Metrology System from Leading Semiconductor Manufacturer fills up Nearfield Instruments' 2025 Order Book
• Nearfield Instruments Home
• Nearfield Instruments launches U.S. subsidiary - IO+
• Nearfield Instruments eyes expansion with robust 2025 bookings - IO+
• Rotterdam's Nearfield Instruments establishes US subsidiary
• News - Nearfield Instruments

6 The Hiring and Company Growth

Nearfield Instruments: Growth and Team Development

Nearfield Instruments, a leading innovator in metrology solutions for the semiconductor industry, has experienced significant growth since receiving the EIC Accelerator funding in March 2024. This growth is marked by strategic expansions, funding milestones, and key hiring initiatives.

Current Headcount and Team Size

The current headcount at Nearfield Instruments is approximately 196 employees, although some sources suggest a slightly lower number of around 154.

Hiring and Team Growth

Nearfield Instruments is actively hiring for various positions to support its expansion and technology development. The company is dedicated to bringing together the most creative minds in science and technology to enhance its metrology systems. Recent growth has necessitated the establishment of new facilities and offices, both within the Netherlands and internationally, including the U.S..

Recent Hiring and Key Positions

While specific details on recent hires are not widely available, key positions within the company include roles such as Chief Financial Officer, VP of Sales, and Directors across various departments like System Engineering and HR. The establishment of Nearfield Instruments USA Inc. underscores the company's commitment to expanding its presence and support in North America.

Growth and Expansion

Nearfield Instruments has shown remarkable growth, highlighted by a fully booked order schedule for 2025 and plans for significant infrastructure investments. The company is expanding its cleanroom facilities and cybersecurity measures, reflecting its strategic approach to meet growing demand in the semiconductor industry. Recent funding of €135 million further supports this growth trajectory, enabling the company to ramp up production and strengthen its market position.

Impact of New Team Members

New team members are crucial for Nearfield Instruments' future as they help scale and grow the company's operations. Their expertise contributes to the development of advanced metrology systems, enhancing the company's ability to support leading semiconductor manufacturers. This expansion also positions Nearfield Instruments as a potential global player in the semiconductor equipment industry, alongside established names like ASML and ASM.

Changes in Management

There are no reported major changes in the management or founding team of Nearfield Instruments. The company continues to be led by Hamed Sadeghian as CEO and Roland van Vliet as Chief Partnership Officer, among other key executives.

Sources: - Nearfield Instruments: Home

• Nearfield Instruments company information, funding & investors
• Nearfield Instruments eyes expansion with robust 2025 bookings - IO+
• Nearfield Instruments receives Purchase Orders from Major US customer and establishes Nearfield Instruments USA Inc.
• Nearfield Instruments Information - RocketReach
• Our Management Team - Nearfield Instruments
• Nearfield Instruments receives Purchase Orders from Major US customer and establishes Nearfield Instruments USA Inc.
• Nearfield Instruments secures €135 million in landmark deep-tech funding round

7 The Media Features and Publications

Media Features and Publications

Nearfield Instruments B.V., a Dutch company specializing in semiconductor metrology equipment, has been recognized for its innovative contributions to the high-end nano-electronics industry. Despite the lack of specific publications directly naming Nearfield Instruments in the available search results, the company has gained recognition through various awards and selections. For instance, Nearfield Instruments was named one of the Red Herring Top 100 Europe companies, highlighting its innovative approach to metrology solutions. Additionally, it has been selected as one of the 50 most challenging and innovative companies in the Netherlands by MT/Sprout.

Content from Publications

Publications have highlighted Nearfield Instruments' role in developing revolutionary high-throughput atomic force microscopy systems, which enable atom-scale resolution 3D metrology crucial for advancing semiconductor manufacturing. The company's focus on delivering process control metrology solutions has been noted, particularly in supporting the trends towards smaller, more powerful consumer electronics.

Podcasts and Interviews

There is no specific information available on podcasts or interviews involving the team of Nearfield Instruments from the search results.

Conference and Fair Visits

While specific details about Nearfield Instruments' participation in conferences or fairs are not mentioned in the search results, the company's involvement in the semiconductor industry suggests potential participation in related events. This includes showcases of its metrology solutions, such as the QUADRA system, which has been deployed in high-volume manufacturing settings.

Involvement in Events

Nearfield Instruments has been involved in significant events and projects, such as being a direct partner in the Important Project of Common European Interest (IPCEI) Microelectronics/Communication Technology. This highlights the company's role in collaborative efforts to advance European microelectronics capabilities.

EIC Accelerator Funding

Nearfield Instruments B.V. received EIC Accelerator funding after successfully submitting its Step 2 proposal in March 2024. This achievement underscores the company's innovative approach and potential for significant impact in its field.

Company Overview

Nearfield Instruments B.V. was founded in January 2016 as a spin-off from the Dutch research institute TNO. The company focuses on developing and delivering groundbreaking metrology solutions for the advanced semiconductor industry. Its headquarters is located in Rotterdam, South Holland, Netherlands.

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Sources: - Nearfield Instruments: Home

• About Us - Nearfield Instruments
• Nearfield Instruments company information, funding & investors
• Nearfield Instruments B.V. full company profile on Creditsafe
• Nearfield Instruments Information - RocketReach