DelfMEMS Raises $10.5M in Series B Funding
DelfMEMS, a Villeneuve d’Ascq, France-based developer of MEMS (Micro-Electro-Mechanical-Systems) switching solutions for applications in the RadioFrequency (RF) communication field, raised $10.5m in Series B funding.
Backers included CDC Entreprises, Iris Capital, Capitalaria, VIVES as well as existing investors A2D Invest, Alliansys, Finorpa, Inovam, Rhône-Alpes-Création and various angels.
The company intends to use the capital to accelerate the industrialisation of its products.
Founded in 2005 and led by newly appointed CEO Guillaume D’Eyssautier, DelfMEMS develops and delivers ohmic RF MEMS switches to enable tunability for the next generation of wireless communications.
Commenting on the funding, Olivier Millet, founder of the company and former chief executive officer, said: “These funds will enable us to qualify first design wins and DelfMEMS manufacturing process including Thin Film Packaging with our partner for high volume manufacturing entity in the USA. The goal is to support the aggressive production ramp-up of our customers to penetrate the market“.
Millet will remain on the board and will take the role of chief strategy and marketing officer.