DelfMEMS has just attracted $10.5m in ‘B’ Series financing from CDC Entreprises, Iris Capital, Capitalaria, VIVES as well as previous investors (A2D Invest, Alliansys, Finorpa, Inovam, Rhône-Alpes-Création, and business angels).
The new funding takes DelfMEMS total funding to date to $17m.
The new funding will be used to support the company’s growth in the next generation wireless front end modules for mobile devices like smart phones and tablets.
DelfMEMS proposes a MEMS device improves insertion loss, linearity, integration, hot switching behaviour, switching time (<1?s), and power consumption to simplify RF architectures.
“We founded DelfMEMS with the vision of being a major player in wireless,” says Olivier Millet, founder of DelfMEMS, “DelfMEMS’ technology enables its customers to increase bandwidth while minimizing cost, size, and consumption. 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.”
DelfMEMS is currently engaged with the leaders of equipment for mobile applications and is also pursuing instrumentation, defence, and other high added value applications.
Millet, formerly CEO, becomes chief strategy and marketing officer.
d’Eyssautier was most recently CEO of ADD Semiconductor, sold to Atmel in October 2011. Before that he was CEO of picoChip, sold to Mindspeed. He’s been a Senior VP at Cadence, VP EMEA for IBM Technology Group and was an exec at Rockwell, GEC-Plessey, MHS and Philips Semis.
“We have an incredibly attractive technology, as recognized by our great customers and partners,” says d’Eyssautier, “this funding, along with our major design wins and rapidly growing revenue, will take us comfortably to the point of volume production. I look forward to DelfMEMS becoming a wonderful success.”