Isorg, a Limoges, France-based maker of Organic Photodetectors (OPDs) and large-area image sensors, raised €16M in series C financing.
Two major industrial investors, Sumitomo Chemical Co. Ltd and Mitsubishi Corporation, participated in the round. Greece-based Integrated Systems Development SA and five new French investors represented by fund manager Financière Fonds Privés also joined the round. Legacy shareholders Bpifrance, through its large venture funds, New Science Venture, CEA Investment and Sofimac Group (Limousin Participations) also contributed.
The company, which has raised €47.8M (approx. $58.4M) to date, intends to use the funds to:
- launch the commercial availability of its organic photodiode technology to provide the security market with increased levels of ID authentication and offer new integration opportunities for multiple fingerprint scanners;
- deploy a global sales and applications engineering workforce; and
- transform operations to support a fully-fledged industrial company.
Created in 2010, Isorg is a maker of organic and printed electronics for large area photo-detectors and image sensors. It offers a new generation of high-performance imagers with the capability for integration into systems with various shapes or form factors. Its image sensors have application in medical devices, ID security and access control, IoT and consumer electronics. In 2016, the company launched worldwide a proof of concept of a large-sized high-resolution (500 dpi) flexible plastic fingerprint sensor for biometric security and other applications.
FinSMEs
30/06/2021