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SiLC Raises $17M in Series A Funding

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MONROVIA, Calif., May 28, 2021 — Machine vision company SiLC Technologies raised $17 million in a Series A funding round led by Alter Venture Partners and Technologies Capital. Following a $12 million seed round in 2020, the financing brings SiLC’s total funding to over $30 million and is aimed at its production of frequency-modulated continuous-wave (FMCW) chips for lidar (FMCW lidar) applications. The additional financing will be used to expand the company’s operations and accelerate product development and production design milestones in anticipation of pre-production and product launch activities for...Read full article

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