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Bergen-headquartered startup Lace Lithography has raised $40 million in a Series A round led by Atomico, joined by M12, Microsoft’s Venture Fund, Linse Capital, Vsquared Ventures, Future Ventures, Runa Capital, Deep Future, SETT Spain, Nysnø Climate Investments. The company is developing a next-generation lithography system based on a helium atom beam rather than traditional light-based methods used by incumbents such as ASML, aiming to enable chip features up to 10 times smaller than current limits and potentially push manufacturing toward atomic-scale precision. The new capital will be used to advance prototype systems and engineering work, with the goal of building a pilot tool for a chip fabrication facility by around 2029.
Lace Lithography is a semiconductor technology company developing Beyond-EUV (BEUV) lithography systems for advanced chip manufacturing. Founded in July 2023 and headquartered in Bergen, Norway, with operations in Barcelona, Spain, the company was co-founded by Professor Bodil Holst and CTO Adria Salvador Palau.
“Our technology is a way that can potentially expand the roadmap and be an enabler for doing things that would not have been possible otherwise,” Holst said.
The company focuses on atomic-level lithography, an approach that moves beyond traditional extreme ultraviolet (EUV) techniques by enabling patterning at significantly smaller scales. Its technology is designed to support high-precision semiconductor fabrication, including applications in mask development, process optimization, and research and development support for chip manufacturers.
Lace Lithography operates on a licensing and consulting-based model, providing access to its technology alongside specialized technical services for semiconductor and electronics companies. The team includes more than 40 specialists across physics, engineering, and related disciplines. The company has also secured early-stage funding of approximately €450,000 from investors.
“Lace Lithography is developing technology with the potential to transform how microchips are produced globally. More energy-efficient semiconductor manufacturing is critical in a world with rapidly growing demand for computing power,” says Solveig Sundsdal, Investment Manager at Nysnø. “This investment contributes to building a new Norwegian technology company with global potential, while also strengthening the development of European value chains within a strategically important industry.”
With the new capital, Lace plans to advance prototype systems and accelerate engineering efforts toward deploying a pilot tool in a semiconductor fabrication facility in the coming years. The company’s broader ambition is to enable a new generation of chipmaking capability that can support future demands in artificial intelligence, quantum computing, and photonics, at a time when the limits of traditional lithography are increasingly being questioned.
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Read the orginal article: https://arcticstartup.com/lace-lithography-raises-40m-series-a/
