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Imec Venture Fund Launches with $323M

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LEUVEN, Belgium, May 6, 2024 — Imec’s venture capital fund, imec.xpand, has launched a €300 million ($323 million) fund designed to promote the growth of semiconductor and nanotechnology innovations. Established as a collaborative effort with imec, the fund will invest in startups with the intention of pushing semiconductor innovation beyond traditional applications.
imec.xpand will fund innovative startups pursuing technologies in semiconductor and nanotechnology. Courtesy of imec.
imec.xpand will use a newly established $323 million fund to grow innovative startups pursuing technologies in semiconductor and nanotechnology. Courtesy of imec.

The fund is targeting breakthrough technologies including AI, machine learning, AR/VR, and photonics. In the life sciences, imec.xpand seeks opportunities to advance cell therapy, sequencing, neuromodulation, and other applications to boost the efficacy of medical diagnostics and treatments.

Imec.xpand’s portfolio companies include Celestial AI, which recently raised $175 million to advance its optical compute and memory fabric solution for AI infrastructure; PsiQuantum, which revealed plans to build a fault-tolerant quantum computer in Australia; and Swave Photonics, developer of holographic extended reality chip technology designed for 3D holographic imaging and spatial computing.

The first imec.xpand fund launched in 2017. To date, imec.xpand has invested in 23 companies that, so far, have raised nearly €1.5 billion in financing.


Published: May 2024
Glossary
nanotechnology
The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
artificial intelligence
The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
semiconductorsventure capital fundingBusinessnanotechnologyartificial intelligenceIMEC

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