LONDON – DelfMEMS, a developer of MEMS-based switches for RF applications, has raised 8.2 million euro (about $10.5 million) in a venture capital funding round and announced the appointment of Guillaume d'Eyssautier as CEO.
DelfMEMS SAS (Lille, France) was founded in 2005 as a spinoff from the Centre National de la Recherche Scientifique (CNRS).
The latest round of funding comes from CDC Entreprises, Iris Capital, Capitalaria, Vives as well as previous investors A2D Invest, Alliansys, Finorpa, Inovam, Rhône-Alpes-Création, and angel investors. It brings the total invested in DelfMEMS to about $16 million.
The money will be used to help the company create wireless front-end modules for mobile equipment, including smartphones and tablet computers, the company said. DelfMEMS is proposing an integrated micro-mechanical building block that solves past issues and improves insertion loss, linearity, integration, hot switching behavior and power consumption. The switching time of the technology is less than one-microsecond, the company said.
DelfMEMS is engaged with companies in mobile equipment and is also pursuing applications in instrumentation and defense.
"These funds will enable us to qualify first design wins and the DelfMEMS manufacturing process including thin-film packaging with our partner for high volume manufacturing in the United States," said Olivier Millet, founder, chief strategy and marketing officer of DelfMEMS, in a statement.
Millet, formerly the CEO, remains on the board of directors as D'Eyssautier, an executive with 30 years semiconductor industry experience, takes over as the company's top executive.
Previously, D'Eyssautier was CEO of ADD Semiconductor, a company which he sold to Atmel Corp. in October 2011. Prior to ADD he was CEO of PicoChip Ltd. and prior to that was a senior vice president at Cadence Design Systems Inc. Prior to that he served in a variety of positions with IBM Microelectronics, Rockwell Semiconductor, GEC-Plessey Semiconductor, Matra Harris Semiconductors and Philips Semiconductors.
Millet commented: "We founded DelfMEMS with the vision of being a major player in wireless, and we are delighted to appoint a CEO who has the ideal pedigree to capitalize on this."
D'Eyssautier said: "This funding, along with our major design wins and rapidly growing revenue, will take us comfortably to the point of volume production and position us well for success."
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