Wednesday, April 23, 2014

Invisage Announces $18M Funding Round, Sensor Sampling

Marketwired: InVisage announces $18M round of funding bringing the total amount that it has raised since its creation to more than $100M. Investors include GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. The additional funding enables InVisage to scale manufacturing capacity from its initial pilot production line to support high volume customers and further its mission to mass produce fast, thin, high performance cameras in ultra-small form-factors.

InVisage also expands its leadership team with two new additions: Ephraim Kwok as CFO and Emanuele Mandelli as VP of Engineering. Mandelli has more than 20 years of image sensor, x-ray detectors and particle physics detectors experience. Most recently, he worked for AltaSens.

Venture Beat quotes Invisage CEO, Jess Lee telling that "the company expects to deliver its final product samples to manufacturing partners within the next few quarters, and it will take another six to nine months before the technology can be implemented in future products".

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