ChipSensors sold to Texas firm
Based at the University of Limerick, the company was started in 2005 by Tim Cummins after he secured €100,000 in a loan note from the early stage equity fund supported by Bank of Ireland, Enterprise Ireland and private investors.
Since 2005 a further eight separate investments by the Bank of Ireland Kernel Capital Equity Fund in ChipSensors followed, including that of April 2010 when the Company announced a €2m investment from a syndicate that included Enterprise Ireland and London based ETV Capital.