Isorg raises €24M to commercialize its technology
Isorg announced today it has raised €24M in a Series B financing round. New Science Ventures (NSV), Bpifrance led the round alongside Financière Fonds Privés (FFP) and current investors Sofimac Innovation, CEA Investissement and Dynalim.
Isorg’s flexible image sensors have application in medical devices, ID security and access control, IoT and consumer electronics. It co-developed the first large-sized high-resolution (500 dpi) flexible plastic fingerprint sensor for biometric security and other applications.
According to a company statement, the funding will be used to support the qualification of its Limoges production site and continue the development of subsystems ready to be integrated in 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.
“This investment reflects the shared trust and confidence that the managers and investors have in the value we have demonstrated in the market and the perspective of Isorg’s profitable growth,” added Emmanuel Guérineau, deputy CEO and co-founder of Isorg.
Isorg was part of a multinational team with Crossmatch and FlexEnable that was selected as a finalist in the 2017 IARPA Nail-to-Nail Fingerprint Challenge.