“This third fundraising marks Isorg’s maturity and readiness to become the industrial player we set out to be at the very start of our venture 11 years ago,” said Jean Yves Gomez, CEO of Isorg. “The addition of new industrial investors from Japan and Greece, alongside our historical partners, is confirmation of our international ambition, the strength of our business model and product maturity.”
Isorg will use the new proceeds to:
“Besides integration in smartphones, Isorg’s solutions can be applied in a wide range of applications for different industry domains,” declared Yoshiyuki Watanabe, general manager of the business creation & digital strategy unit at Mitsubishi Corporation.
Over the coming months, Isorg plans to achieve several goals:
- Launch the commercial availability of its organic photodiode technology to provide the security market with increased levels of ID authentication and offer new integration opportunities for multiple fingerprint scanners
- Deploy a global sales and applications engineering workforce
- Transform operations to support a fully-fledged industrial company
“Besides integration in smartphones, Isorg’s solutions can be applied in a wide range of applications for different industry domains,” declared Yoshiyuki Watanabe, general manager of the business creation & digital strategy unit at Mitsubishi Corporation.
Over the coming months, Isorg plans to achieve several goals:
- Open a new location in Asia
- File FBI certification for its FAP20 to FAP60 biometrics modules for security applications
- Develop palm size modules
- Design a vein recognition module based on a client-validated sensor with strong NIR sensitivity
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