Metavallon VC announced that its IP-licensing and semiconductor technology portfolio company Think Silicon® has been acquired by Applied Materials.
Athens, Greece: 4 May 2020
Metavallon VC started its activities as Metavallon.org. in 2011 as a social organisation. Its aim was to cultivate, through capacity building, the missing framework and opportunities around technology entrepreneurship in Greece and the region. In 2017, the team of four came together to combine the concept of acceleration with the rigor and potency of venture capital. A year later, Metavallon VC started operations and announced a € 32 mln fund with the mission to invest in and actively promote pre-seed and seed technology companies.
Think Silicon is headquartered in Patras, Greece. The company develops and licenses high-performance, ultra-low-power GPUs and display controller technology for wearables, IoT, home appliances and displays for industrial automation. It has expanded its product line to AI-oriented GPUs to meet customer demand for low power AI processors for Edge Computing.
Applied Materials is located in Santa Clara, California. The company is a global leader in material engineering solutions that are used to produce virtually every new computer chip and advanced display in the world. The company is present in 18 countries, employs more than 22,000 employees globally, holds over 13,300 patents and has invested $ 2.1 bln in R&D in 2019.
According to Metavallon, Applied Materials’ choice of Greece to expand a global R&D network confirms the world class Greek talent and R&D capabilities.
We support entrepreneurship and innovation in Cyprus and internationally. Navigator Consulting’s Entrepreneurship Charter is our commitment to support start-ups and spin-offs between 2010 and 2020 and beyond.
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Metavallon. 4 May 2020
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