Venture Profile: NanoLambda
The company is developing Spectrum Sensorâ„˘, an ultra-compact, low-cost spectrometer-on-a-chip, based on novel plasmonic devices.CEO: Bill Choi
Location: Pittsburgh, PA, USA
Venture is: A-Round
NanoLambda was founded in 2005 as a spin off company of the University of Pittsburgh. The company is developing Spectrum Sensorâ„˘, an ultra-compact, low-cost spectrometer-on-a-chip, based on novel plasmonic devices. Each pixel of the Spectrum SensorTM chip detects a predefined wavelength of light from an input source, yielding a spectral fingerprint for each material being imaged.
Bill Choi, CEO of NanoLambda, tells NWN, â€śUnlike expensive and bulky conventional solutions, NanoLambdaâ€™s high resolution spectrometer-on-a-chip enables non-invasive and multi-target monitoring capability at an ultra compact size-only a few mm*mm-and at a very competitive cost, lower by multiple magnitude of order than the competition through the standard wafer process.â€ť
While Mr. Choi expects initial applications to be high-resolution color sensing, the sensor could also be used for chemical detection, blood diagnostics, biochips, and wearable health monitors. Based on these markets, it is anticipated that the total addressable market for the spectrometer-on-a-chip will be over $1 billion in 2012.
NanoLambda has received funding from the National Science Foundation, The Technology Collaborative, Pittsburgh Life Sciences Greenhouse, and Innovation Works. Before becoming CEO of NanoLambda, Mr. Choi spent 17 years with Samsung Electronics as a senior engineer, project manager, and a director in sales/marketing/strategy areas.