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Silc Technologies Raises $17M Series A Funding Round To Advance Machine Vision Applications

May 24, 2021•over 4 years ago

Amount Raised

$17 Million

Round Type

series a

Monrovia

Description

Machine vision innovator SiLC Technologies, Inc. today announced a $17 million Series A funding round led by Alter Venture Partners and Dell Technologies Capital with additional participation from Fluxunit – OSRAM Ventures, Sony Innovation Fund by IGV*, Epson, UMC Capital, Yamato Holdings and Global Brain. Following a $12 million seed round in 2020, the new financing brings SiLC’s total funding to over $30 million. The additional financing will be used to expand SiLC’s operations, accelerate product development and gain additional production design wins – all in preparation for pre-production and product launch activities.

Company Information

Company

Dell Technologies Capital

Location

Monrovia, Montserrado County, Liberia

About

The Dell Technologies Capital investment team is comprised of company builders with the mission of helping founders and their teams develop innovative technology solutions and bring them to market. They are active investors, sustaining an investment pace of approximately $150 million a year. As the global investment practice for the Dell Technologies family of businesses (Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware), Dell Technologies Capital offers deep business and technical expertise and unparalleled go-to-market assistance to our portfolio companies. After operating in stealth for five years, the venture practice emerged publicly in 2017. Headquartered in Palo Alto, Calif., Dell Technologies Capital currently has offices in Boston, Austin and Herzliya, Israel. For more information visit www.delltechnologies.com/capital.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech