Funding round moves breakthrough QuantumFilm imaging products from R&D to manufacturing; includes investment from GGV Capital and Nokia Growth Partners
MENLO PARK, Calif.– February 13, 2013 – InVisage Technologies, Inc. – a Silicon Valley-based start-up that is revolutionizing the image sensor market – today announced it has received its Series D round of venture funding, led by GGV Capital and including Nokia Growth Partners. The undisclosed amount will be used to begin manufacturing the company’s QuantumFilm image sensors, which are currently being evaluated by phone manufacturers. Devices incorporating the technology are expected to ship in Q2 2014. GGV and Nokia Growth Partners join InVisage’s existing investors RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies.
“InVisage is poised to make a tremendous impact on consumer devices and end users with its QuantumFilm image sensors,” said Thomas Ng, founding partner, GGV Capital. “Our investment focus and expertise are helping companies during this crucial expansion stage, and we look forward to working with the InVisage team as they scale their technology for the demands of the global mobile-device market.”
InVisage QuantumFilm is the world’s most light-sensitive image sensor for smartphones, capable of producing gorgeous, high-quality photos in virtually any lighting condition. InVisage has transformed the image sensor by adding a thin layer of quantum dot film to produce highly sensitive image sensors that can be mass-produced using standard CMOS processes. Compared to current camera technologies, the InVisage QuantumFilm sensor provides incredible performance in the smallest package, making picture-taking foolproof, even in dimly lit rooms.
“The innovative QuantumFilm technology from InVisage has the potential to disrupt the market for silicon-based image sensors,” said Bo Ilsoe, managing partner of Nokia Growth Partners. “Imaging remains a core investment area for NGP, and it is our belief that InVisage’s technology will change how video and images are captured in consumer devices.”
“The participation of new investors, including a major handset maker, in this round signals that imaging is a critical differentiator in mobile devices,” said Jess Lee, CEO, InVisage Technologies. “For too long, the image sensor industry has lacked innovation. We are excited to bring stunning image quality and advanced new features that will truly transform this industry.”
More information on QuantumFilm and InVisage Technologies is available at www.invisage.com.
InVisage Technologies, Inc. is a venture-backed, fabless semiconductor company based in Menlo Park, Calif. that has developed QuantumFilm, a breakthrough imaging-sensing technology that will replace silicon. Its first product enables high-fidelity, high-resolution images from handheld devices like camera phones and digital cameras. Founded in 2006, InVisage Technologies is venture funded by GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital, OnPoint Technologies and Charles River Ventures. More information is available at www.invisage.com.
Breakaway Communications for InVisage Technologies, Inc.
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