OSA-Direct
Wednesday, 12 Dec 2018

Isorg raises Euro 24 million to finance the ramp up of large-scale commercialisation

The funding will be used to support the different qualification steps of its production site and development of subsystems ready for integration in to applications

Isorg - New production and office facilities

26 Sep 2018 | Editor

Isorg has announcing it has raised Euro 24 million in a Series B financing 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 Euro 24 million funding will be used to support the different qualification steps of its production site based in Limoges and continue the development of subsystems ready to be integrated in the various applications.

It will significantly support the engineering work to enable large-scale commercialisation of leading-edge applications in the coming years.

Isorg's technology addresses many clients' needs through various value-added applications;

  • smartphones
  • wearables
  • tablets and laptops
  • biometrics for homeland security
  • medical imaging

Source: Isorg

Isorg said they are ready and well-positioned as the market takes off to meet growing demand thanks to its ability to offer various business models from manufacturing to the licensing of its technology for mass markets.

"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."


Jean-Yves Gomez, CEO and co-founder of Isorg

"This investment reflects the shared trust and confidence that the managers and investors have in the value we have demonstrated in the market and the perspective of Isorg's profitable growth."


Emmanuel Guérineau, Deputy CEO and co-founder of Isorg

"NSV invests in companies commercializing breakthrough technologies worldwide to meet unmet needs or to deliver significantly stronger value proposition to customers. We are impressed by the strong team, robustness of Isorg’s product portfolio and the transformation its printed image sensors and photosensitive layers will bring to multiple customer applications."


Somu Subramaniam, Managing partner at New Science Ventures

"We have backed the company since 2014 and we are convinced that the future is in printed flexible imaging technologies. Isorg is in a great position to reap the rewards of its superb technology platform. Today, we renew our support and are glad to welcome new shareholders to help Isorg enter this new phase of expansion."


Nicolas Herschtel, Deputy Managing Director large venture at Bpifrance

"FFP is delighted to support Isorg's management who is successfully moving its technology platform to mass production. We believe that our strong network of entrepreneurs will support the business growth."


Thierry de Chambure, Managing partner at FFP

www.isorg.fr   


About Isorg

Isorg, a pioneer company in organic and printed electronics for large area photo-detectors and image sensors, converts plastic and glass substrates into smart surfaces. It offers a new generation of high performance imagers with 3D product integration capability recognizing any shapes or form factor. Its flexible image sensors have application in medical devices, ID security and access control, IoT and consumer electronics. It co-developed the first large-sized high-resolution (500 dpi) flexible plastic fingerprint sensor for biometric security and other applications. Created in 2010 and partnering with CEA-Liten, a leading French innovation center for new energy technologies and nanomaterials, Isorg is led by senior-level industry managers with strong expertise in advanced technologies. A Series A fundraising round amounting to €7.9M took place in 2014.

Source: Isorg


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