ElFys

Capturing every ray of light

Espoo, Finland · Founded 2017 · $10.1M raised

Headquarters
Espoo
Employees
11–50
Founded
2017
Business Model
B2B
Website
elfys.fi
Total Funding
$10.1M
Last Round
$6.7M Series BSep 2022
Rounds
2

About

ElFys, Inc. is a Finnish semiconductor company that designs, develops, and manufactures high-performance customized photodetectors based on proprietary black silicon induced junction technology. Founded in fall 2017 as a spin-off from Aalto University in Espoo, ElFys commercializes a breakthrough photodiode technology that achieves near-ideal photosensitivity — capturing over 96% external quantum efficiency across a broad spectral range from UV to NIR (200–950 nm), far exceeding conventional silicon photodetectors. The company's products include single photodiodes, 4-quadrant detectors (QPD), and surface-mount devices (SM) for applications in space and defense sensing, wearable health monitoring, analytical instruments, and industrial laser systems. ElFys supplies 100+ companies globally including Thorlabs, and has been selected for the NATO DIANA Accelerator program and the European Defence Fund. The company is headquartered in Espoo, Finland, with a manufacturing facility and a global distributor network spanning North America, Europe, Asia, and the Middle East.

Summary

ElFys is a Defense Tech company based in Espoo, Finland, founded in 2017. It has raised $10.1M in total across 2 rounds, most recently a $6.7M Series B round in Sep 2022. Investors include Samsung Venture Investment Corporation, Metaplanet and Voima Ventures.

Tech & App Stack

4 technologies & apps tracked

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Funding History

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Series BSeries BSep 2022
$6.7M

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Investors

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