Imec.xpand has returned for a $16m series B round that will allow Spectricity to accelerate the development of its sensors and imagers.
Spectricity, a Belgium-based developer of hyperspectral sensing technology developed at Imec, has raised €14m ($16m) in series B financing from investors including Imec.xpand, a venture capital fund affiliated with the research institute.
The round also included Atlantic Bridge, Xtrion, the Capricorn Partners-managed Capricorn Fusion China Fund and the Shanghai Semiconductor Equipment and Material Fund.
Founded in 2018, Spectricity is working on hyperspectral sensors that can be integrated in high-volume, low-cost products such as smartphones, wearable and internet-of-things devices.…
