Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, May 15 2019 - 01:00
ActLight SA Announces Closing of Its Series C Round of Financing
LAUSANNE, Switzerland, May 15, 2019 /PRNewswire-AsiaNet/ --

ActLight SA, the company developing a novel class of light sensors, announced 
today the closing of their Series C equity financing. 

Swisscom Venture served as the lead investor, along with, new 
investor Quan Funds and other private investors. ActLight SA intends to use the 
proceeds from the financing to support further advancement of its 
Time-Of-Flight (TOF) solutions, particularly to produce demonstrators of 3D TOF 
Sensor Arrays and Single Photon Range Meters, which are designed to 
significantly improve the depth sensing performances in smartphones, 
self-driving vehicles and other innovative devices.

"This financing round is a significant milestone for us as we continue to 
advance our technology pipeline and we would like to welcome all of our new and 
current investors and thank them for sharing our entrepreneurial vision. They 
help us shaping the future of light sensing," said Serguei Okhonin, Co-Founder 
and Chief Executive Officer. "With these funds, we intend to pursue the 
development of very innovative TOF light sensors which we believe can respond 
to the big needs of innovation in depth sensing and expand the array of 
applications in this field." 

ActLight SA patented the Dynamic PhotoDiode, a breakthrough CMOS-based 
photonics technology that allows to substantially enhance the efficiency and 
accuracy of various light sensing applications in the Internet of Things (IoT) 
space, like TOF based distance measuring (i.e. user detection, gesture control 
and visual recognition), vital signs monitoring, 3D/2D cameras and much more. 

ActLight SA operates in markets like mobile and wearable devices, healthcare, 
autonomous driving, drones and robotics.  

The Dynamic PhotoDiode has been chosen and licensed by a leading semiconductor 
company to be integrated in one of their chips for vital signs monitoring in 
wearable devices; more deals in different markets are progressing in our 
opportunity pipeline. 


Serguei Okhonin 
Co-Founder & CEO  

Source: ActLight SA