China VC lifts sensor startup to record funding

December 18, 2014 // By Peter Clarke
InVisage Technologies Inc. (Menlo Park, Calif.), developer of a quantum dot film material for image sensors, has attracted an additional $14.7 million of funding towards its latest round taking the company well over $100 million raised in total.

InVisage claimed this sets a record for capital raised by an imaging company.

 

Back in April InVisage said it had raised $17.8 million towards a projected $30 million round of funding (see Quantum film startup raises $17 million ). The company has now taken its latest round to $32.5 million by adding China Oceanwide USA Holding – the US subsidiary of China-based China Oceanwide Holdings Group – to its list of investors.

 

InVisage, which was founded in 2006, said it will use the money for working capital and capex purposes.

 

Other participants in the funding round, who were announced in April include: GGV Capital. Nokia Growth Partners, InterWest Partners, Intel Capital and Rockport Capital.

 

InVisage's product, QuantumFilm is quantum dot film that can be applied to image sensors. It absorbs light ten times faster than silicon and can be used to benefit image sensor architectures and properties. InVisage said QuantumFilm products will be released in 2015 and would allow image sensors with higher sensitivity and dynamic range and a global electronic shutter.

 

China Oceanwide Holdings Group is one of China's largest conglomerate companies with involvement in real estate, energy and strategic investment.

 

Related links and articles:

 

www.invisage.com

 

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