New Imaging Technologies Raises 3 Millions Euros Venture Capital

CMOS image sensor start-up New Imaging Technologies (NIT) has successfully concluded a round of private equity financing from several prestigious French high-tech investment firms totaling 3 million euros. The new round of investment for NIT is oriented towards the ongoing development of innovative CMOS image sensor technologies and further business expansion.

"We are convinced that NIT's Wide Dynamic Range Technology has the potential to be a leader in the growing market of CMOS image sensor technology," says Jean Philippe Gendre, Partner at Emertec Gestion. "NIT's unique Native WDR technology can cover a broad range of applications that were previously not addressed because of the lack of available sensors with such performances."

"NIT's engineering teams, proven scientific track record and excellent management team was key to secure our decision", says Gilles Daguet Senior Partner at ACE Management. "This capital increase will secure NIT continued growth. We strongly believe in the strategy and of the market potential for NIT's CMOS image sensors."

"We were also impressed by NIT's expertise, potential and positionning, as well as the talented team leading this project" added Benoît Thiedey of Alto Invest.

"This substantial capital increase will allow us to implement in time our strategic roadmap of new product introduction and sales development ", says Pierre Potet, President of NIT.