Tignis Achieves Major Exit Following Acquisition by Cohu, Inc.
Deal News | Feb 18, 2025 | DN Capital Limited
DN Capital Limited has successfully orchestrated the exit of its portfolio company, Tignis, through an acquisition by Cohu, Inc. This marks a significant achievement in Tignis's mission to advance AI-driven process control within the semiconductor industry. The acquisition positions Cohu prominently within the $2.6 billion semiconductor process control market, as Tignis's innovative PAICe Monitor and PAICe Maker solutions promise enhancements in predictive and prescriptive automation, leading to better yields, quality, and productivity. DN Capital, a key investor in Tignis since leading its Series A funding in 2022, underscores its commitment to supporting transformative AI-based industrial process control startups and celebrates the ingenuity of Tignis's team and technology.
Sectors
- Semiconductor Industry
- Artificial Intelligence
Geography
- United States – Cohu, Inc., the acquiring company, is based in the United States, and the semiconductor industry is significant in this region.
Industry
- Semiconductor Industry – The article discusses Tignis's impact and technology catered towards semiconductor manufacturing process control.
- Artificial Intelligence – The acquisition focuses on AI-driven process control technologies developed by Tignis.
Financials
- $2.6 billion – The estimated worth of the semiconductor process control market, relevant context for why Cohu acquired Tignis.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DN Capital Limited | Selling Company | Company | A private equity firm that was instrumental in Tignis's growth. |
| Tignis | Target Company | Company | A company specialized in AI-driven process control solutions for semiconductor manufacturing. |
| Cohu, Inc. | Bidding Company | Company | The company acquiring Tignis to enhance its position in the semiconductor process control market. |