Lace Lithography AS

Based in Norway, Lace Lithography AS specializes in developing advanced atom lithography systems, enhancing semiconductor manufacturing with innovative technology that targets quantum-capable chip production. Founded in 2023 in Bergen, Norway, Lace Lithography AS focuses on atom lithography systems. The firm has completed 2 deals, with its latest funding round being a Series A, raising NOK 400. 000 mn led by Atomico.

The total amount raised by the company is NOK 400. 000 mn. Lace Lithography specializes in the development of BEUV (Beyond-EUV) atom lithography systems, which represent a significant advancement in chip patterning technology. The core product aims to enable the production of quantum-capable chips by utilizing atoms instead of light, thereby extending Moore’s Law for an additional decade.

This innovative approach addresses the growing demand for smaller, more efficient semiconductor devices crucial for various applications, including computing, telecommunications, and consumer electronics. Lace Lithography’s technology is poised for integration into manufacturing processes for chip producers worldwide, particularly in global markets such as North America, East Asia, and parts of Europe, where there is a high concentration of semiconductor manufacturing and research activities. The company’s target customers include major semiconductor manufacturers and tech giants seeking to upgrade their production capabilities to meet future demands. Lace Lithography generates revenue primarily through B2B transactions, focusing on partnerships with semiconductor manufacturers and technology firms.

The business model is built around long-term contracts and collaborations, where clients invest in the development and acquisition of BEUV systems tailored to their production needs. Revenue streams are expected to include direct sales of patented lithography systems as well as ongoing service and maintenance agreements. The pricing structure for these advanced systems and associated services is determined by the complexity and scale of the projects, reflecting the bespoke nature of the technology provided. This transactional framework not only supports recurring revenue through service contracts but also positions Lace Lithography as a critical partner in the evolution of global chip production.

Lace Lithography plans to utilize recent funding from its Series A round to drive the development of new BEUV products aimed at enhancing chip production efficiency. The company is targeting market expansion into North America and East Asia by 2025, aiming to establish partnerships with key semiconductor players. This strategic funding will support research and development initiatives, ensuring the timely rollout of their innovative products and solidifying their presence in these competitive markets.