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.…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
