Tuesday, May 25, 2021

SiLC Technologies Sees $17M

Monrovia, California-based SiLC Technologies, a developer of machine vision tools, says it has raised $17M in a Series A funding round. The funding was led by Alter Venture Partners and Dell Technologies Capital and also included Fluxunit – OSRAM Ventures, Sony Innovation Fund by IGV, Epson, UMC Capital, Yamato Holdings and Global Brain. The company says it has now raised $30M in total, including an earlier, $12M seed funding last year. The company is developing an imaging chip aimed at the machine vision market, used in such areas as mobility, industrial machine vision, robotics, augmented reality, and consumer applications. SiLC said the new funding will go towards its operations, for product development, and to help get production design wins. Mehdi Asghari is founder and CEO of the company. More information »