ActLight SA, the creator of the next generation photo diode, has closed a Series A financing round with Swisscom Ventures, investiere and the business angel networks Go Beyond and BAS.
investiere-investors contributed CHF 366’000 to the round. Regarding the collaboration with investiere, Actlight’s CEO, Serguei Okhonin said: “The investiere team was very efficient throughout the process and helped solve all problems related to fundraising."
ActLight has developed a photo diode solution, which delivers significantly higher sensitivity combined with dramatically reduced power consumption as well as lower manufacturing and design costs. ActLight will leverage the new round of funding to continue enhancing its products and to further expand co-operation with partners and customers.
“ActLight’s Dynamic Photo Diode is the most powerful solution for low power, high sensitivity, and on-chip integration for new light sensing solutions for mobile devices such as smartphones, tablets, smartwatches and portable MedTech solutions. Low power consumption is key in solutions for heart rate measurement, gesture control and 3D sensing,” explains Serguei Okhonin, CEO and co-founder of ActLight. “Our investors share our vision to create the next generation of light sensing solutions and we are now entering the market with key industrial partners and customers,” commented Fredrik Uddegard, co-founder of ActLight.
“As mobile and wearable devices are getting ever more pervasive, the importance of light sensors to measure and interpret the surrounding environment will be fundamental to extend functionality and increase the user experience. With this Dynamic Photo Diode, we believe that Actlight has developed a truly disruptive solution, which will greatly benefit the advancement of personal computing,” said Pär Lange, Investment Director at Swisscom Ventures.