MIT firm has A round in its sights

GelSight, a sensor technology spin-out of Massachusetts Institute of Technology (MIT), has raised an undisclosed sum in its series A.

Ping Fu, founding CEO of Geomagic and chief entrepreneur officer at 3D Systems Corporation, led the round with support from Omega Funds. The round marks the first round of external fundraising for the company.

Founded in 2011, GelSight is already selling its 3D sensor technology to clients in the US, Europe, and Asia. Funds raised will be used to develop the firm’s production capacity and expand its market reach.

Gelsight investor Ping Fu said:”GelSight has created a unique position in the marketplace for capturing 3D information that is both useful and underserved by competing technologies. Like watching under a 3D microscope, GelSight reveals incredible details that cannot be observed by human eyes. Moreover, GelSight can provide accurate dimensional measurements to single-digit microns. This capability can be applied to industrial inspection, forensic visualisation, micro-level data capture, science education, and many more commercially viable applications.”