Post by CSEM

CCRAFT, the CSEM spin-off, has announced an oversubscribed 𝐔𝐒𝐃 𝟕.𝟖 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 (𝐂𝐇𝐅 𝟔.𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧) 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐫𝐨𝐮𝐧𝐝 to scale its 𝘄𝗼𝗿𝗹𝗱-𝗳𝗶𝗿𝘀𝘁 𝗶𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗳𝗼𝘂𝗻𝗱𝗿𝘆 𝗳𝗼𝗿 𝗧𝗵𝗶𝗻-𝗙𝗶𝗹𝗺 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗡𝗶𝗼𝗯𝗮𝘁𝗲 𝗽𝗵𝗼𝘁𝗼𝗻𝗶𝗰 𝗰𝗵𝗶𝗽𝘀 in Neuchâtel, Switzerland. This is an important step in helping position Switzerland in a strategic global market. Fast-forward to today, and CCRAFT is commercializing a technology foundation developed over more than six years at CSEM and scaling it for applications in AI infrastructure, high-speed networks, and quantum technologies. The company’s ambition to reach up to 𝟮,𝟬𝟬𝟬 𝘄𝗮𝗳𝗲𝗿𝘀 𝗽𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝗯𝘆 𝟮𝟬𝟯𝟬 is a powerful signal for Switzerland: 𝗱𝗲𝗲𝗽-𝘁𝗲𝗰𝗵 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗰𝗮𝗻 𝗯𝗲𝗰𝗼𝗺𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗵𝗲𝗿𝗲. We are proud to have helped create the conditions for this spin-off, and proud to remain close to the company as a technology and innovation partner. Most of all, we are proud of the people behind this achievement: Hamed Sattari, Andreas V., Hernán Furci & team, CSEM’s engineers who laid the foundations, the partners who believed early, and the investors now supporting the next phase led by QBIT Capital, including Zürcher Kantonalbank, Apprecia Capital and Spacewalk VC, Blue Wonder Ventures, and a leading European AI infrastructure operator. Congratulations to everyone involved. Read the full story: https://lnkd.in/ebuA5UuK Alexandre Pauchard, Bahaa R., Michele Palmieri Image: © Maële O. #DeepTech #Photonics #TechnologyTransfer #TFLN #Semiconductors