MINATEC in figures

When it comes to fundraising, 2018 will go down in the books as a record year. Ten MINATEC startups raised €30 million in 2017. In 2018 nine startups raised more than €125 million. Three of the startups (Isorg, Aledia, and Kalray, which went public last June) raised more than €20 million each. The six others ranged from €253,000 for Moovlab to €10.5 million for ISKN. The dramatic increase speaks to the vibrant local tech ecosystem, of course. However, a broader… More information

A team of researchers from Leti working in partnership with Stanford University recently developed a resistive RRAM memory technology with 2.5 times the storage density of conventional flash memory. Instead of using binary coding (high or low resistivity), information can now be assigned five different values. This advance was made possible by materials and read/write mechanisms capable of exploiting intermediary resistivity states. The RRAM memory developed also uses much less energy than current flash memory during the write phase, making… More information

Startup Morphosense just reached a major milestone in its development, raising €2 million from three investors, including Bouygues Construction. The company will grow from eleven to sixteen employees this year and will complete development work on the second incarnation of its product, Neuron. Morphosense will also continue to work with Leti on machine learning. The company develops instrumentation that monitors the structural health of offshore oil and gas platforms, floating wind turbines, and other infrastructures in real time. The underlying… More information

Primo1D just completed its second round of fundraising, bringing in €6 million from investors confident in the company’s unique technology, which places antenna components and a RFID tag inside a special yarn, which can then be integrated into materials like textiles, plastics, and rubbers. The company’s new shareholders include Michelin Ventures, the global tire leader’s VC fund. This is the first time that Michelin Ventures has announced one if its investments publicly. Primo1D plans to hire seven employees this year… More information