Omnitron Sensors has successfully closed an over-subscribed $2.4 million Seed round, coming soon after being highlighted by TechCrunch and this year’s Demo Day at 500 Startups. The round was led by Corriente Advisors, with participation from Emerging Ventures, Stratminds, and Break Off, as well as others. “We are thrilled to back Eric Aguilar and Trent Huang, two impressive founders who we believe can revolutionize MEMS technology and create superior sensor products,” said Mark L. Hart III, Founder and CEO of Corriente Advisors.
“We all keep hearing that software is going to eat the world -- but as good as software is currently, we won’t be able to realize the future we imagine without big steps forward in hardware. Fundamental flaws in sensor technology can only be solved by going back to first principles, and that’s why we founded Omnitron Sensors. This is a problem that we are truly passionate about solving,” said Aguilar.
According to Allied Market Research, the overall sensor market is estimated to be worth $287 billion by 2025. And according to Yole Developpement, the MEMS market is estimated to be worth $18 billion by 2024. “This is where the opportunity is, because whoever revolutionizes MEMS design will trigger access to an extremely large wallet in the world of sensors. We will work on developing our MEMS process to move horizontally across industry verticals, starting with the LIDAR market,” Aguilar added.
Omnitron is currently hiring MEMS process engineers. For more information and to inquire about the positions, please click here. The company is headquartered in San Francisco, California.
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