Bpifrance, Sofimac Partners and CEA Investissement participate in ISORG financing round of 6.4M Euros ($8.7 million).
The investors include Bpifrance, Sofimac Partners, CEA Investissement, Grenoble Angels and Savoie Angels.
ISORG was created in Grenoble in 2010 as spin‐off from the Printed Electronics Laboratory of CEA Liten. ISORG is the pioneer company of photo‐detectors and large area image sensors in organic and printed electronics. This breakthrough technology converts plastic and glass into smart surfaces able to see. ISORG has developed unique industrial know‐how for organic materials deposition on large area at air ambient and temperature ambient conditions. These new sensors are thin, light and conformable, offering unique benefits of cost, sensing area, mechanical integration and resistance to shock versus traditional image sensors.
ISORG addresses medical market (X ray digital imaging), industry (sensors for industry 4.0 and connected objects) and consumer electronics (displays). Diagnostics and security (biometrics) are also target markets. This technology innovation has received several awards in Asia, USA and Europe.
The funds will enable ISORG to move from pilot industrial line to mass production with a manufacturing unit planned for 2015 and to sustain business development at international level.
Jean‐Yves Gomez, CEO of ISORG, welcomed the investment and said that ISORG's investors understood the financial, societal and value creation associated with the technology. "We are very happy to be the pioneers of this new industry in France and to be supported by renowned investors who share our vision and ambition" he said.
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