poLight raises USD 18.5 million in round B funding to commercialise its optical polymer lens

poLight raises USD 18.5 million in round B funding to commercialise its optical polymer lens

Business news |
A manufacturer of reflowable autofocus actuated lenses for camera phones, poLight AS announced the successful closing of its Series B financing round, raising USD 18.5 million. Investinor, based in Trondheim, Norway, led the round with the participation of existing shareholders Viking Venture III AS, Alliance Venture Polaris AS and SINTEF Venture III AS.
By eeNews Europe

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The company’s TLens (Tunable Lens) offers camera module makers next generation Auto Focus (AF) actuators based on an innovative patented optical polymer technology that will continue to improve camera phone performance while aggressively driving its cost and size further down. poLight’s TLens products can easily be integrated into mobile phone camera modules ranging from low-end to high-end devices, as high as 12 mega-pixel.

poLight’s round B of financing could be extended to USD 24.5 million in the second part of the year with additional investors joining the consortium.

Visit poLight at www.polight.com

 

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