Optical filter firm raises funds

Optical filter firm raises funds

Business news |
SiOptica GmbH (Jena, Germany), a manufacturer of switchable optical filters that can be applied to liquid crystal displays to enhance privacy, has raised €4 million in funding from Beteiligungsmanagement Thüringen GmbH (BM|T) and Capital-E Antwerp.
By Peter Clarke

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SiOptica, founded in 2013, plans to use the capital to expand its portfolio of privacy filters, develop new IP and file corresponding patents. It will also spend the money to expand worldwide sales and marketing efforts.

The switchable optical filters may found use in automatic teller machines (ATMs) and automotive cockpit displays as well as mobile devices such as laptops. Legal requirements mean that a secondary car information displays used for entertainment must not be allowed to distract the driver.

With the latest round of funding BM|T has become the majority shareholder in the company.

“With Capital-E we have won a new investor that not only supports us
financially, but also brings vast experience in entrepreneurship and
technology,” said Markus Klippstein, CEO and co-founder of SiOptica, in a statement.

Related links and articles:

www.sioptica.com

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