May 27, 2020

SiLC Technologies – $12 Million

Monrovia, CA ; 03/06/2020

Amount Funded: $12 Million

Type: Seed

Lead Investor: Dell Technologies Capital

Participating Investor(s):  ITIC Capital, Decent Capital, several unnamed angel investors

Company Description: SiLC Technologies, Inc. is a leading provider of highly integrated FMCW LiDAR solutions, located in Monrovia Southern California. The company’s initial focus is on its integrated 4D+ Vision Chip, which has demonstrated a range of beyond 300 meters and applicable to a wide range of applications. 

What funding will be used for:   Scaling its R&D and operations to develop its frequency modulated continuous wave silicon photonic 4D+ Vision Chip platform. 

Quotes:

“This is my third startup and by far the most exciting, both at a technology level and the size of the markets it addresses. We believe we have an opportunity to transform several industries. Our 4D+ Vision Chip technology will not only make LiDAR a commercial reality but will also enable applications ranging from robotics to AR/VR to biometric scanning.”

Mehdi Ashgari, founder/CEO, SiLC

Notes:

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Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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