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ActLight Closes Series C Round of Financing

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ActLight Closes Series C Round of Financing

ActLight SA, the company developing a novel class of light sensors, announced today the closing of their Series C equity financing.

Swisscom Venture served as the lead investor, along with investiere.ch, new investor Quan Funds and other private investors. ActLight SA intends to use the proceeds from the financing to support further advancement of its Time-Of-Flight (TOF) solutions, particularly to produce demonstrators of 3D TOF Sensor Arrays and Single Photon Range Meters, which are designed to significantly improve the depth sensing performances in smartphones, self-driving vehicles and other innovative devices.

“This financing round is a significant milestone for us as we continue to advance our technology pipeline and we would like to welcome all of our new and current investors and thank them for sharing our entrepreneurial vision. They help us shaping the future of light sensing,” said Serguei Okhonin, Co-Founder and Chief Executive Officer. “With these funds, we intend to pursue the development of very innovative TOF light sensors which we believe can respond to the big needs of innovation in depth sensing and expand the array of applications in this field.”

ActLight SA patented the Dynamic PhotoDiode, a breakthrough CMOS-based photonics technology that allows to substantially enhance the efficiency and accuracy of various light sensing applications in the Internet of Things (IoT) space, like TOF based distance measuring (i.e. user detection, gesture control and visual recognition), vital signs monitoring, 3D/2D cameras and much more.

ActLight SA operates in markets like mobile and wearable devices, healthcare, autonomous driving, drones and robotics.

The Dynamic PhotoDiode has been chosen and licensed by a leading semiconductor company to be integrated in one of their chips for vital signs monitoring in wearable devices; more deals in different markets are progressing in our opportunity pipeline.

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Cite this article as: Press Release, "ActLight Closes Series C Round of Financing," in DroneBelow.com, May 15, 2019, https://dronebelow.com/2019/05/15/actlight-closes-series-c-round-of-financing/.
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