Meridian Innovation Pte Ltd, a Singapore-based developer of mass producible thermal sensors, raised US$6m in its latest round of financing.
Backers included existing investor Creative Technology Ltd, Excelpoint’s investment arm, PlanetSpark and SEEDS Capital, bringing the total investment to date in Meridian Innovation to more than US$10m.
The company intends to use the funds to further enable and accelerate market penetration and product development.
Led by Hock Leow, CEO and Co-Founder, Meridian Innovation is a developer of advanced Complementary Metal-Oxide-Semiconductor (“CMOS”) Thermal Imaging solutions with operations also in Hong Kong, USA and UK and more than 25 employees across the locations.
The company is committed to the development of Thermal Imaging Sensor-based solutions for commercial and consumer applications in such emerging markets as Smart Appliances, IoT devices, ADAS, AI-assisted Heat Failure Analyzers and Security, and Medical & Safety products.
The technology utilizes a patented approach in fabricating MEMS LWIR sensors based on CMOS.