The Series B funding comes from New Science Ventures (NSV), a US-based investment firm and Bpifrance, through its fund Large Venture,who are leading the round alongside Financière Fonds Privés (FFP) and current investors, Sofimac Innovation, CEA Investissement and Dynalim. It follows the Series A round of €7.9M in 2014 for the technology development.
Isorg’s technology covers both fingerprint sensors on flexible substrates as well as large area image sensors. Created in 2010 and partnering with Fench research lab CEA-Liten, it co-developed the first large-sized high-resolution (500 dpi) flexible plastic fingerprint sensor for biometric security and other applications.
The company has several business models from manufacturing to the licensing of its technology for mass markets and the €24M 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 commercialization of leading-edge applications in the coming years.
“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,” said Jean-Yves Gomez, 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,” said Somu Subramaniam, managing partner at New Science Ventures.