Thursday, September 16, 2010

New Imaging Technologies Raises 3 Millions Euros from Prestigious Venture Capital Firms

CMOS image sensor start-up New Imaging Technologies (NIT) has successfully concluded a round of private equity financing from several prestigious French high-tech investment firms totaling 3 million euros. The new round of investment for NIT is oriented towards the ongoing development of innovative CMOS image sensor technologies and further business expansion.

"We are convinced that NIT’s Wide Dynamic Range Technology has the potential to be a leader in the growing market of CMOS image sensor technology," says Jean Philippe Gendre, Partner at Emertec Gestion. "NIT’s unique Native WDR™ technology can cover a broad range of applications that were previously not addressed because of the lack of available sensors with such performances.

“NIT’s engineering teams, proven scientific track record and excellent management team was key to secure our decision”, says Gilles Daguet Senior Partner at ACE Management. “This capital increase will secure NIT continued growth. We strongly believe in the strategy and of the market potential for NIT’s CMOS image sensors."

"We were also impressed by NIT's expertise, potential and positionning, as well as the talented team leading this project" added Benoît Thiedey of Alto Invest.

“This substantial capital increase will allow us to implement in time our strategic roadmap of new product introduction and sales development ”, says Pierre Potet President of NIT,

About ACE Management

ACE Management is a portfolio management company specialised in private equity investment in technology companies in the fields of Aerospace, Defence, Security and Maritime.

ACE Management manages eight investment vehicles (among which AEROFUND I and II, SECURITE, Financière de Brienne and ATALAYA) representing more than 300 M€ invested by industrial leaders (Thales, CEA, DCNS, Safran, EADS, Airbus,…), institutional investors (CDC, AXA, Crédit Agricole, CIC, FSTQ, …) and 4 French Regions (Midi-Pyrénées, Aquitaine, Pays de la Loire, Centre).

About ALTO Invest

ALTO INVEST is a capital management company investing primarily in small and mid-sized fast growing companies.

ALTO INVEST's team is highly experienced in managing private equity portofolios on behalf of institutional and private clients, and ti made more than 90 private equity investments in Europe.

ALTO INVEST is fully approved by the French financial authorities (Autorité des Marchés Financiers) and is an active menber of the French Asset Management Association (Association Française de la Gestion financière).

About Emertec Gestion

Emertec Gestion manages early stage venture funds focused on ICT and CleanTech Start ups in Europe. Emertec works closely with Research Labs and Entrepreneurs to implement breakthrough innovations, often born at the crossing of complementary technological fields. Emertec team is a balanced mix of robust industrial and VC experience.

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