DelfMEMS secures $10.5M in second round funding and hires new CEO
This substantial investment comes from CDC Entreprises, Iris Capital, Capitalaria, VIVES as well as previous investors (A2D Invest, Alliansys, Finorpa, Inovam, Rhône-Alpes-Création, and business angels). The new funding will be used to support the company’s growth in the next generation wireless front end modules for mobile devices like smart phones and tablets. DelfMEMS proposes a new integrated micro-mechanical building block that is based on a strong, totally new IP portfolio that solves past issues and substantially improves insertion loss, linearity, integration, hot switching behavior, switching time (under 1μs), and power consumption to simplify RF architectures.
”DelfMEMS’ technology enables its customers to increase bandwidth while minimizing cost, size, and consumption,” explains Olivier Millet, founder of DelfMEMS. “These funds will enable us to qualify first design wins and DelfMEMS manufacturing process including Thin Film Packaging with our partner for high volume manufacturing entity in the USA. The goal is to support the aggressive production ramp-up of our customers to penetrate the market.”
Along with the investment, DelfMEMS appoints Guillaume d’Eyssautier as its new CEO. Olivier Millet, the company’s former chief executive officer and founder, will remain on the board and will take the role of chief strategy and marketing officer of DelfMEMS. Guillaume d’Eyssautier career has spanned over the past 30 years in the semiconductor industry, including management positions in both Europe and the USA. Most recently he was CEO of ADD semiconductor which he sold to Atmel in October 2011. Prior to ADD he was CEO of picoChip, sold to Mindspeed. Prior to that, he served as Senior VP-GM at Cadence Design Systems, VP-GM EMEA for IBM Technology Group (Microelectronics and Storage ) and hold executive and management positions at Rockwell Semiconductor, GEC-Plessey Semiconductor, Matra Harris Semiconductors and Philips Semiconductors .
“The round, which brings total company funding to $16 million, is a significant boost for DelfMEMS to extend its leadership as a RFMEMS vendor” commented Guillaume d’Eyssautier. “This funding, along with our major design wins and rapidly growing revenue, will take us comfortably to the point of volume production and position us well for success.”
Visit DelfMEMS at www.delfmems.com