Acquisition Will Deliver Product Line Expansion to Global Customer Base WAKEFIELD, MA, April 12, 2017 – Persimmon Technologies of Wakefield, MA announced it has been acquired by Sumitomo Heavy Industries (SHI). With the acquisition, SHI will add vacuum robotics and next generation electric motor technology to its product portfolio, aimed at driving additional growth to…
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MassVentures Announces 2016 START Program Winners
$3,000,000 to be awarded to 17 cutting edge Massachusetts companies Boston- MassVentures today announced the 2016 START (SBIR Targeted Technologies) program winners with $3,000,000 in grant funding to be award to 17 cutting edge Massachusetts companies. The grants will allow the companies, which had previously received SBIR (Small Business Innovation Research) grants from federal agencies…
Persimmon Technologies Corporation Completes $14M Series B Funding with New Investors ABB Ventures and Berwind Private Equity
Wakefield, MA, March 10, 2014 – Persimmon Technologies Corporation, a provider of Vacuum Robotics and Hybrid-Field Motor Technology for the semiconductor, LED, FPD and solar equipment markets, has completed its Series B round of investment, with the latest funds coming from two new investors, The ABB Group, a $40B leading global power and automation technology…
ABB’s Venture Capital unit invests in US motor component maker Persimmon Technologies
ABB to assist in developing Persimmon’s 3D deposition technology for motor component manufacturing Zurich, Switzerland, March 5, 2014 – ABB, the leading power and automation technology group, has invested in Massachusetts-based Persimmon Technologies to help develop its 3D deposition technology for motor component manufacturing. The investment was made through ABB’s venture capital unit, ABB Technology…
Persimmon Technologies Corporation Closes Series B Funding with Intel Capital Investment
New funding provides capital for vacuum robot product portfolio expansion, Hybrid-Field motor technology development, global distribution and manufacturing operations Wakefield, MA, January 14, 2013 – Persimmon Technologies Corporation, a provider of vacuum robotics and Hybrid-Field Motor Technology for the semiconductor, LED, FPD and solar equipment markets, announced that it has closed a $5.8 million Series…
Persimmon Technologies Receives Second National Science Foundation Grant for the Development of Highly Efficient Electric Motor Technology
Persimmon Technologies Receives Second National Science Foundation Grant for the Development of Highly Efficient Electric Motor Technology New funding allows for expansion of technology to significantly improve performance and lower costs of electric motors. Wakefield, MA, November 29, 2012 – Persimmon Technologies Corporation, a leading provider of motor technology and robotics for the semiconductor, solar,…
