InVisage Secures Series D Venture Funding
Funding Round Moves Breakthrough QuantumFilm Imaging Products From
R&D to Manufacturing; Includes Investment From GGV Capital and Nokia
MENLO PARK, CA -- (Marketwire) -- 02/13/13 -- 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
"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 Je
ss 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.
About InVisage Technologies, Inc.
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.
415-358-2484 - ofc
408-832-7626 - mobile
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