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What’s happening: Yield Engineering Systems (YES), a leading provider of technology solutions and process equipment for the semiconductor ecosystem and “More-than-Moore” applications, announced $55 million in growth credit financing from a fund managed by Aon Advantage Funds LLC, with support from Aon’s IP Solutions.

• Aon uses the knowledge of its IP Solutions team, as well as capital provided by funds managed by Aon Advantage Funds LLC, providing low-dilution growth capital at scale to intellectual property (IP)-rich businesses.
• Read more in the press release.
• Check out other companies that have leveraged the valuation of their IP to access new forms of capital, including Embr Labs, Locus FS and LiquiGlide.