CIDC, a Taiwan-based venture capital fund, has invested $6 million in Advasense Inc. (Raanana, Israel), a fabless semiconductor company focusing on image sensors for mobile devices.
The deal completed the startup's B1 round of financing, and in total, has raised over $20 million in VC funding.
CIDC joins the existing investors, Genesis Partners, Giza Venture Capital, BlueRun Ventures (formerly known as Nokia Venture Partners) and VentureTech Alliance.
The capital raised in this round will be used to accelerate development of Advasense's its 5Mpixel ä inch CMOS image sensor.
Advasense claims, its patented technology enables the production of high image resolution imagers with small pixels at a competitive price. The image sensors include on chip image stabilization that uses the pixel array as a memory, providing sharper images in low lighting situations. "We see a lot of added value in having CIDC with us, given its strong industry connections in Taiwan and long history of investments in the semiconductor industry," said Naftaly Sharir, Advasense CEO.