Picosun Oy raised a 5.4 million euro capital investment round from Finnish investors.

Picosun, an Espoo, Finland-based, manufacturer of Atomic Layer Deposition (ALD) equipment announced that it completed a 5.4 million euro ($7.2M) capital investment from Finnish investors.

The funding was supported by Finnish investors including Hannu Turunen, Ilkka Hiidenheimo and the 130 years old family company R.Ruth Oy, based in Jyväskylä, Finland. Picosun has the same Chairman of the Board as its parent company, Stephen Industries Inc. Oy, Kustaa Poutiainen.

Picosun, founded in 2004 and led by CEO Kustaa Poutiainen, is a leading provider of advanced ALD (Atomic Layer Deposition) thin film coating technology for global industries and R&D. The ALD technique was invented and patented by Picosun Board Member and shareholder Tuomo Suntola from Finland. Picosun’s ALD technology enables industries’ novel, groundbreaking future solutions. Picosun’s global headquarters are located in Espoo, Finland, its manufacturing facilities in Kirkkonummi, Finland, its subsidiaries in USA and Singapore, and the company has worldwide sales and support network.