Monday, October 14, 2019
News
NEWS HOME
»
PRN INDIA
ActLight SA Announces Closing of Its Series C Round of Financing
  SocialTwist Tell-a-Friend  
   

LAUSANNE, Switzerland, May 14, 2019 /PRNewswire/ -- 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.

Video: https://mma.prnewswire.com/media/886627/ActLight_LIGHT.mp4
Logo: https://mma.prnewswire.com/media/886628/Actlight_Logo.jpg

Contacts:

Serguei Okhonin
Co-Founder & CEO
okhonin@act-light.com  
+41-79-673-0262

 

ActLight Logo

More News by PR Newswire India

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic TacĀ® Meets Coca-ColaĀ®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Sourav Ganguly set to be new BCCI Presid...
UP: Man dies in road mishap in Meerut...
Ancient stories of brotherhood, Manipur ...
Telangana: Another RTC employee commits ...
Mangaluru's Apeksha Kottary enters India...
J-K: Postpaid mobile services to be func...
More...    
 
 Top Stories
Acting is David Harbour's life... 
Third ODI: India women wins toss ag... 
INX media case: Chidambaram to be p... 
Amit Shah and Rahul Gandhi to addre... 
Jennifer Aniston says Marvel movies... 
Mumbai: Woman stabbed to death foll... 
Delhi HC to hear bail plea of DK Sh... 
Derek O'Brien mocks BJP over claim ...