SiLC Technologies, a Monrovia, Calif.-based machine vision company focused on advancing machine vision applications, raised $17m in Series A funding.
The round, which brings total funding to over $30m, was led by Alter Venture Partners and Dell Technologies Capital with participation from Fluxunit – OSRAM Ventures, Sony Innovation Fund by IGV*, Epson, UMC Capital, Yamato Holdings and Global Brain.
The company intends to use the funds to expand operations, accelerate product development and gain additional production design wins – all in preparation for pre-production and product launch activities.
Founded in 2018 by Mehdi Asghari, CEO, SiLC uses a proprietary silicon-based semiconductor fabrication process to manufacture its chips and standard, automated IC style assembly processes, enabling compact solutions. Over the last year, the company has provided development systems to customers building mobility, industrial machine vision, robotics, augmented reality, and consumer applications.
FinSMEs
24/05/2021