Imec

Imec is a prominent independent research center based in Leuven, Belgium, specializing in nanoelectronics and nanotechnology. With additional offices in the Netherlands, Taiwan, the United States, China, and Japan, imec employs over 1,650 individuals, including more than 550 industrial residents and guest researchers. The center focuses on both "More Moore" and "More than Moore" research, addressing semiconductor scaling and developing technologies for applications such as embedded systems, wireless solutions, biomedical electronics, and renewable energy. Imec aims to bridge fundamental research with industrial R&D, leveraging its extensive infrastructure and intellectual property portfolio. Its strong global network positions imec as a vital collaborator in advancing future technologies across various sectors, including health and life sciences.

Luc Van den hove Ph.D

President, CEO and Executive Board Member

14 past transactions

Vertical Compute

Seed Round in 2025
Vertical Compute is a technology company specializing in semiconductor solutions. It develops chiplet-based technology that significantly reduces data movement, resulting in substantial energy savings of up to 80%. This innovative approach brings data closer to computation, enhancing the speed and efficiency of data processing. By doing so, Vertical Compute enables customers to improve the execution of large language models and other complex applications, while also promoting data privacy and energy efficiency.

MICLEDI Microdisplays

Series A in 2024
MICLEDI Microdisplays BV is a Belgium-based company that specializes in the design and manufacture of micro light emitting diode (LED) display chips for augmented reality (AR) glasses. As a fabless developer, MICLEDI focuses on innovative technologies that combine III/V materials processing with 3D integration and 300mm silicon-based processing. The company aims to deliver high-quality, power-efficient AR displays by utilizing a proprietary ASIC, which allows for the creation of compact and self-contained display modules. Serving the semiconductor industry, MICLEDI is positioned at the forefront of microLED technology, contributing to the advancement of augmented reality applications.

OTIV

Series A in 2023
OTIV is an artificial intelligence company focused on enhancing the safety and efficiency of railway transport in complex environments through autonomous driving technology. The company has developed a remote control and self-driving system that supports railway operators by preventing collisions and aiding drivers in both mainline and urban settings. Its advanced driver assistance system, which incorporates a suite of sensors and algorithms, can be integrated into new rolling stock or retrofitted onto existing fleets. This flexibility allows both public and private railway operators to benefit from AI-driven solutions that address driver shortages, improve cost efficiency, and increase network capacity, all while advancing the overall safety of rail operations.

Axelera AI

Seed Round in 2021
Axelera AI is a company focused on advancing artificial intelligence through its specialized hardware and software platforms, particularly for edge computing applications. Its flagship product, the Metis™ AI Platform, combines innovative hardware and software to offer high-performance and energy-efficient AI inference solutions. Recognized for its innovation, the platform was honored at the CES® 2024 Innovation Awards. Established in 2021, Axelera AI was incubated by Bitfury, a leader in emerging technologies, and partnered with imec, a prominent nano-technology group. The company is headquartered in the AI Innovation Center at the High Tech Campus in Eindhoven, with research and development offices located in Belgium, Switzerland, and Italy. The team consists of experts in AI software and hardware, many of whom have backgrounds with leading AI firms and Fortune 500 companies. Axelera AI’s platform features a unique custom dataflow architecture with multicore in-memory computing, enabling clients to achieve optimal power efficiency while supporting various networks for sustainable edge applications.

Asylia Diagnostics

Pre Seed Round in 2020
Asylia Diagnostics is a diagnostics technology platform focused on improving immunotherapy safety for cancer patients. The company collects molecular and real-world evidence data from individuals undergoing clinical trials and those receiving standard care. Utilizing AI-powered technology, Asylia transforms diverse patient populations into distinct subgroups based on shared molecular and immuno-pathophysiological characteristics. This process enables the identification of specific biomarkers and novel drug targets, which are crucial for developing patient stratification and enrichment strategies. Additionally, Asylia works to create early leads for therapeutic pipelines and complex theranostic products in collaboration with biopharma and in-vitro diagnostics partners. By leveraging this data-driven approach, the company aims to enhance precision medicine systems, ultimately facilitating better and faster diagnoses for cancer patients.

Conductiv.ai

Pre Seed Round in 2019
Conductiv.ai is a technology company that specializes in developing an AI-powered process control platform aimed at enhancing precision manufacturing. By integrating machine learning with physics-based simulation, the company provides solutions that enable clients to maximize production yield and reduce the reliance on trial and error in manufacturing processes. This innovative approach allows manufacturers to optimize their operations and achieve better efficiency and effectiveness in their production lines.

Onera Health

Series A in 2019
Onera Health, Inc. specializes in sleep diagnostic solutions and services aimed at identifying sleep disorders such as insomnia, sleep apnea, and narcolepsy. Founded in 2017 and headquartered in Palo Alto, California, with a research and development office in Eindhoven, the Netherlands, the company utilizes advanced sleep diagnostic patch systems that collect and analyze sleep data. These innovative solutions are designed to enhance patient care by providing comprehensive sleep test data to healthcare professionals across various settings, thereby improving the management of sleep-related ailments and potentially benefiting other medical fields through remote monitoring of chronic conditions. Onera Health's mission is to improve the health and quality of life for individuals struggling with sleep issues while also contributing to cost reductions in healthcare.

Tengu

Seed Round in 2019
Tengu is a developer of a data analytics platform that addresses the challenges companies face in managing disparate data across their organizations. By providing a Platform-as-a-Service solution, Tengu connects to various data sources, streamlines, and standardizes data through the creation of tailored data pipelines. This functionality allows data scientists to effectively utilize machine learning and artificial intelligence while enabling business analysts to integrate data into dashboards and business intelligence tools for real-time insights. In addition to its technological capabilities, Tengu emphasizes user convenience, helping organizations identify their data needs and objectives. The company also offers supplementary services, such as workshops, and fosters a DataOps Community, where professionals can share insights and collaborate on finding optimal data solutions. Through these efforts, Tengu enables companies to become data-driven and enhances the efficiency and utility of their data profiles.

Morrow Optics

Series A in 2018
Our view is a world where nothing is missed and one pair does it all. Because there’s more to see than ever before, and you deserve to see the bigger picture without edges or limitations. Our story starts with Jelle De Smet and Paul Marchal, two pioneers who with combined experience in electronics and nanotechnology invented the Autofocal lens. They saw a better way, where ageing eyesight is no longer a burden and progressive lenses were a prequel. And so Morrow was founded in 2016 — followed by years of research, development and meticulous fine-tuning. We now launch our flagship Autofocal Eyewear that combines Active Liquid Crystal and a two-layer corrective lens to transform your vision — both near and far — at the touch of a button. In our eyes, independence is a state of mind. It’s the unshackled freedom to do what you want and on your own terms, whilst always improving. Discover why there is always mor’ to see.

UgenTec

Series A in 2018
UgenTec, based in Hasselt at the Corda Campus, is a rapidly growing company specializing in molecular diagnostics software. The company has garnered multiple awards for its innovative approach and advanced algorithm technologies. UgenTec delivers an independent diagnostic platform designed to aid molecular laboratories in their DNA (PCR) analyses. Its software intelligently analyzes raw PCR data from various commercial devices, enabling standardized, automated, and certified interpretation of PCR assays. This allows lab technicians to significantly reduce sample analysis time from 1.5 hours to just 3 minutes, all while enhancing reliability. By improving laboratory efficiency and providing greater diagnostic certainty for patients, UgenTec stands out in the molecular diagnostics market.

sympl

Seed Round in 2017
sympl NV is an online recruitment company based in Antwerp, Belgium, established in 2015. It offers a platform that enhances the recruitment process by integrating chatbots and video technology, which facilitates real-time communication between job seekers and employers. The platform is designed to curate talent pools, providing tailored matchmaking criteria that align the needs of companies with those of potential candidates. Through its innovative approach to conversational recruitment, sympl enables employers to gain insights into the motivations and aspirations of applicants, streamlining the hiring process and helping individuals find permanent job opportunities more effectively.

Tengu

Pre Seed Round in 2016
Tengu is a developer of a data analytics platform that addresses the challenges companies face in managing disparate data across their organizations. By providing a Platform-as-a-Service solution, Tengu connects to various data sources, streamlines, and standardizes data through the creation of tailored data pipelines. This functionality allows data scientists to effectively utilize machine learning and artificial intelligence while enabling business analysts to integrate data into dashboards and business intelligence tools for real-time insights. In addition to its technological capabilities, Tengu emphasizes user convenience, helping organizations identify their data needs and objectives. The company also offers supplementary services, such as workshops, and fosters a DataOps Community, where professionals can share insights and collaborate on finding optimal data solutions. Through these efforts, Tengu enables companies to become data-driven and enhances the efficiency and utility of their data profiles.

iMinds

Acquisition in 2016
iMinds was a prominent digital research center and business incubator established by the Flemish government in 2004. It focused on fostering digital innovation across six key markets: ICT, Media, Health, Energy, Smart Cities, and Manufacturing. Leveraging the expertise of over 850 researchers from five Flemish universities, iMinds aimed to translate digital knowledge into practical products and services that positively impacted people's lives. It emphasized an agile and open research mindset, employing proven methodologies to guide the development of new ideas. Additionally, iMinds supported researchers, young entrepreneurs, and startups in successfully bringing their innovations to market. In 2016, iMinds was officially integrated into Imec, continuing its mission under the new name.

Waylay

Pre Seed Round in 2014
Waylay is a B2B software company that focuses on integrating operational technology (OT) and information technology (IT) to enhance business processes. The company offers three main products: Waylay IO, a low-code automation platform that requires no setup; Waylay Enterprise, which simplifies digital transformation for enterprises; and Waylay Digital Twin, an application available on the Salesforce AppExchange. These products are designed to help both large enterprises and small to medium-sized enterprises (SMEs) leverage data and analytical insights from connected equipment and machines. By facilitating real-time automation and notifications, Waylay's platform enables clients to break down silos and make informed business decisions based on real-time sensor information, ultimately improving operational efficiency and customer service across various sectors, including energy, logistics, online retail, and smart city initiatives.
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