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§ Private Profile · Stockholm, Sweden
VEAT is a technology company.
VEAT develops and operates a network of automated vending machines that dispense fresh, plant-based grab-and-go meals. The company focuses on producing and distributing healthy, prepared food items like salads, wraps, and snacks. These offerings are cooked locally, leveraging a distribution model designed for convenience and broad accessibility, directly integrating culinary production with automated retail.
VEAT was established in 2019 in Stockholm, Sweden, by founder Cristoffer Harlos. The company's inception arose from the insight that a significant opportunity existed to address the growing demand for convenient and healthy plant-based dietary choices. Harlos sought to bridge the gap between busy lifestyles and the desire for nutritious food through automated retail.
The company primarily serves individuals seeking quick, wholesome, and plant-forward meal solutions. VEAT’s overarching vision is to enhance the accessibility of healthy, plant-based foods for a wider population, aspiring to make nutritious eating an effortless daily choice through an expanding network of automated retail points.
VEAT has raised $590K across 1 funding round.
VEAT has raised $590K in total across 1 funding round.
VEAT has raised $590K across 1 funding round. Most recently, it raised $590K Seed in November 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2020 | $590K Seed | Pale Blue DOT | Purple Orange Ventures, Shio Capital | Announced |
Vate Technology Co., Ltd. (TWSE: 5344) is a Taiwan-based semiconductor services company specializing in integrated circuit (IC) testing, including wafer probing, final testing, burn-in services, and specialized tests for CPUs, logic ICs, power ICs, CMOS image sensors, and LED products.[1][2] Headquartered in Hsinchu City's Science-Based Industrial Park with 210 employees, it generates approximately US$43.8 million in annual revenue (TW$1.44 billion as of Jan 1, 2025) by serving clients in Taiwan, China, Asia, and the Americas, solving critical quality assurance needs in IC production where reliability testing prevents defects in high-volume electronics manufacturing.[1][2] While CPU testing historically dominated revenue (92.46% as of 2009), its portfolio has expanded to support diverse IC applications, positioning it as a key backend player in the semiconductor supply chain.[2]
Vate Technology was established in April 1988 as Taiwan's first professional IC testing factory, marking an early milestone in the island's burgeoning semiconductor industry.[2] It quickly achieved ISO9002 certification in 1995 and listed on the Over-The-Counter (OTC) market in 1997, building credibility amid Taiwan's rise as a global chip hub.[2] One source notes a 1977 founding, possibly referring to precursor activities, but primary records confirm 1988 as the operational start with a focus on IC testing and packaging.[1][2] Key early traction came from CPU and logic IC services, capitalizing on demand from computing and communications sectors, evolving into a specialized provider amid Hsinchu's tech ecosystem growth.[1][2]
(Note: No public data on developer tools, community, or pricing; differentiators stem from service specialization in a capital-intensive field.[1][2])
Vate rides the enduring wave of semiconductor demand driven by AI, 5G, EVs, and consumer electronics, where IC testing ensures yield rates and defect-free chips amid Moore's Law scaling challenges.[1][2] Its Hsinchu base aligns perfectly with Taiwan's 60%+ global foundry dominance (e.g., TSMC ecosystem), amplifying timing as geopolitical tensions boost onshoring and supply chain resilience.[1] Market forces like exploding data center needs and advanced node complexity favor backend testers like Vate, influencing the ecosystem by enabling faster time-to-market for fabless designers and OEMs while mitigating risks in high-volume production.[2]
Vate's entrenched role in IC testing positions it for steady growth amid surging chip complexity, with potential expansion into AI accelerators and power management for EVs as key trends.[1][2] Expect deeper integration with Hsinchu's innovation hub, possibly via capacity upgrades or partnerships, though competition from larger OSATs (outsourced semiconductor assembly and test) could pressure margins. Its influence may evolve toward specialized niches like sensor testing, sustaining relevance in a US$500B+ semicon market—reinforcing its quiet backbone status in global tech reliability.[1][2]
VEAT has raised $590K in total across 1 funding round.
VEAT's investors include Pale Blue Dot, Purple Orange Ventures, Shio Capital.