Spectricity, a Mechelen, Belgium-based provider of hyperspectral sensing solutions for mobile and consumer devices, raised €14m in ($16M US) Series B funding.
Backers included AtlanticBridge, CapricornFusion China Fund, and Shanghai Semiconductor Equipment and Material Fund (SSMEF) as well as imec.xpand and XTRION.
Led by Vincent Mouret, CEO, Spectricity is a fabless semiconductor company creating spectral sensing solutions for high-volume mobile and consumer devices, using low-cost CMOS technologies. Its patented, spectral sensing technology enhances existing camera sensors by fusing data with other image and 3D sensors in the devices to provide augmented real-time data, advanced user-environment interfacing, and big data analysis. Spectricity’s miniaturized sensors enable new applications from skin health to skin cosmetics and agricultural, AR, food analysis and more.
The company, which has raised €20m in total funding to date, intends to use the funds to further accelerate the development and mass production of its hyperspectral sensors and imagers for high-volume, low-cost applications from wearables to smartphones and IoT devices.