InVisage Technologies, a US-based fabless semiconductor company making an imaging-sensing technology called QuantumFilm, has raised reportedly more than $20m in its series D round from a consortium including Nokia Growth Partners (NGP), the corporate venturing unit of the eponymous Finland-based phone maker.
The money will be used to begin manufacturing the company’s QuantumFilm image sensors, which are currently being evaluated by phone manufacturers ahead of shipping devices in the second quarter of next year.
Bo Ilsoe, managing partner of NGP, said: “The innovative QuantumFilm technology from InVisage has the potential to disrupt the market for silicon-based image sensors.
“Imaging remains a core investment area for NGP, and it is our belief that InVisage’s technology will change how video and images are captured in consumer devices.”
Venture capital firm GGV led the D round, which, as well as NGP, included existing investors RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies.
In February 2011, InVisage raised an undisclosed amount for its series C round from Intel Capital, the corporate venturing unit of the eponymous chip maker, and VC firms RockPort Capital, InterWest Partners, OnPoint Technologies and Charles River Ventures.