ALA News: Isorg, a maker of printed organic photodetectors and large-area image sensors, raises €24M in a Series B round. New Science Ventures (NSV), a US-based investment firm and Bpifrance, through its fund Large Venture, are leading the round alongside Financière Fonds Privés (FFP) and current investors, Sofimac Innovation, CEA Investissement and Dynalim. The Series A round of €7.9M took place in 2014. Isorg’s technology can be used in smartphones, wearables, tablets and laptops, biometrics for homeland security and medical imaging.
The €24M funding will be used to support the qualification steps of its production site based in Limoges, France and continue the development of subsystems ready to be integrated in the various applications. It will support the work to enable large-scale commercialization in the coming years.
“We are heading towards launching the large-scale commercialization of our image sensors and other printed electronics solutions, which are in high demand among manufacturers of consumer electronics and biometric devices,” said Jean-Yves Gomez, CEO and co-founder of Isorg.
Factory @ Limoge, France??? But how will they succeed to bring brillant engineers over there? :D
ReplyDeleteStrange indeed... they should have found all infrastructure and qualified manpower in Taiwan or Asia if they would really go for real volume based application. Probably mean they are building a very small capacity development factory?
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