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Industry News

DelfMEMS Secures $1.9 M Funding

September 7, 2010
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DelfMEMS, active in the field of RF components and a developer of MEMS switching solutions, announced that it has secured €1.5M ($1.9 M) in venture capital funds. This substantial investment comes from A2D Invest, Alliansys, Finorpa, Inovam, Rhône-Alpes-Création, and business angels (Nord, XMP-BA & IT @ngels), and will be used for delivering initial stand-alone products for instrumentation and defense as well as creating partnerships for integration into mobile phone front-end modules.

DelfMEMS proposes a new integrated micro-mechanical building block that is based on a strong, totally new IP portfolio that solves past issues and substantially improves hot switching behavior, switching time (<1 μs) and power consumption (12 V actuation voltage, electrostatic). "DelfMEMS’ technology enables its customers to increase bandwidth while minimizing cost, size and consumption," explained Olivier Millet, CEO of DelfMEMS.

“These funds will enable us to develop dedicated Thin Film Packaging that offers the full benefits of the DelfMEMS technology and complete integration at a lower cost,'' Millet continued. DelfMEMS is currently engaged in discussions with over 50 companies and is signing its first co-development contracts for various applications.

“We are extremely impressed with DelfMEMS’s disruptive technology,” said Mathieu Viallard, Investment Officer, Rhône-Alpes Création. “We anticipate that it will achieve the highest technical standards required for the tunable module market.” The investment also marks an important step for this VC. “This fundraising proves that regional VCs can work hand-inhand to support cutting-edge start-ups.”

DelfMEMS believes in close collaboration with VCs to maximize benefits for all parties. Finorpa, Inovam & Nord Création, the earlier investors in DELFMEMS, actively work with the management team and are convinced that DelfMEMS will become a leading player in the MEMS field. “DelfMEMS’ innovative proposition and technological milestones demonstrate their ability to deliver future quality products,” said Thierry Chevallier, Investment Director, Finorpa. “The recent capital increase will help in achieving the product roadmap and securing clients for DelfMEMS’ technology.”

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