Applied Ventures, the venture capital arm of Applied Materials, drives a significant growth equity investment into VVDN Technologies, the trailblazing Indian electronics powerhouse. This strategic move catapults VVDN into a global semiconductor leadership role, unleashing transformative potential in next-gen technologies and expanding electronic design and manufacturing on a global scale.
Dr. Omkaram Nalamasu, SVP, CTO of Applied Materials, and President of Applied Ventures, underscores the investment’s strategic alignment with India’s burgeoning tech ecosystem. Anand Kamannavar, VP of Applied Ventures, envisions VVDN’s robust design and manufacturing capabilities propelling it to a prominent position in the global electronics landscape.
Puneet Agarwal, CEO of VVDN Technologies, expresses profound satisfaction with the strategic infusion, emphasizing their commitment to innovation. Vivek Bansal, President of VVDN, sees this capital surge as rocket fuel, propelling the company to new heights and unlocking avenues for strategic investments in cutting-edge technologies.
This bold investment marks Applied Ventures’ unwavering commitment to catalyzing India’s technology growth and recognizing the pivotal role VVDN plays across diverse markets, from automotive and datacenter to IoT and medtech.
