Aledia Raises €10M in First Financing

Aledia, a Grenoble, France-based developer of LEDs based on microwire GaN-on-Silicon technology, said it had raised €10m (approximately $13m) in its first financing.

Backers included Sofinnova Partners, Braemar Energy Ventures, Demeter Partners, and CEA Investissement.

Co-founded in 2011 by Giorgio Anania, President and CEO, Xavier Hugon, COO, and Philippe Gilet, CTO, Aledia

develops and manufactures innovative light-emitting diodes (LEDs) based on a 3D architecture using gallium-nitride (GaN)-on-silicon microwires. The technology uses standard silicon wafers with diameters of 8 inches (200 mm) and existing CMOS wafer-fabrication processes and tools, enabling production of LED chips at a cost four times less than traditional planar (2D) LEDs
The company’s technology was developed over a six year period at the LETI-CEA in Grenoble, France. As part of its spin-out from CEA, Aledia received exclusive worldwide rights to all present and future CEA patents on microwire technology as applied to the area of lighting.



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