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Meridian Innovation Secures Us$8 Million In Funding

Jul 12, 2021•about 4 years ago

Amount Raised

$8 Million

Description

Meridian Innovation Pte Ltd, the pioneer developer of low cost, mass producible thermal sensors, today announced that it has secured a total of US$8 million in its latest round of financing inclusive of a bank loan. Existing investors: Creative Technology Ltd; Excelpoint's investment arm, PlanetSpark; and SEEDS Capital; together with new investor, Best Ever Pte Ltd, a subsidiary of Best Ever Industries Ltd, will participate in this latest round, bringing Meridian Innovation's total investment to date to more than US$18 million.

Company Information

Company

Meridian Innovation

About

Meridian Innovation, headquartered in Singapore, is a pioneering developer of advanced Complementary Metal-Oxide-Semiconductor ("CMOS") Thermal Imaging solutions with operations also in Hong Kong, USA and UK. Meridian Innovation is committed to the development of cost effective and high-performance Thermal Imaging Sensor-based solutions for commercial and consumer applications that will enable safer and better living. Meridian's technology utilizes a unique patented approach in fabricating MEMS LWIR sensors based on CMOS. Combining a proprietary wafer-level vacuum packaging allows Meridian to produce their sensors at lower cost and mass producible volume. For more information on Meridian, please visit https://www.meridianinno.com/