poLight AS, a Horten, south of Oslo, Norway-based developer of micro-optics components, closed a NOK100m ($18.5m) Series B financing round.
The round was led by Investinor, with participation from existing shareholders Viking Venture III AS, Alliance Venture Polaris AS and SINTEF Venture III AS. This financing could be extended to NOK130m ($24.5m) in the second part of the year with additional investors joining the consortium.
Led by CEO Christian Dupont, poLight has developed patented proprietary technology that enables the production of reflowable and wafer scale active optical components based on deformable polymers.
The company’s TLens products can be integrated into mobile phone camera modules ranging from low-end to high-end devices, as high as 12 mega-pixel.