Jena, December 16th 2020- siOPTICA, a leading supplier for switchable privacy filter technology with many applications in automotive passengers displays, laptops, tablets, mobile phones, and payment terminals secured a new financing round of close to 2 million euros from its current investors.
Switchable privacy screens protect displayed information from neighbouring views without the need to carry and apply an extra privacy foil. The screen privacy modus can be switched on or off by a single key stroke.
Based on the unrivalled performance of siOPTICA’s privacy technology, a growing application field and increased customer interest, the current investors decided to increase their investment in the company. The investors include the lead investor bm|t (beteiligungsmanagement thüringen gmbh), Antwerp-based and technology-focused Capital-E as well as well-known business angels, such as for example Revotech GmbH & Co. KG.
The new investment will mainly be used to drive further industrialisation and high-volume manufacturing of the existing products. siOPTICA will strengthen its product offering for the laptop and tablet computing business. The company will also use the new funds to further strengthen its marketing and sales activities. Last but not least, new privacy technologies will be researched and developed allowing integration with new and upcoming display technologies.
“We strongly believe in siOPTICA’s privacy filters and the team’s capability to bring this technology to the market successfully,” underlined Kevin Reeder, CEO of bm|t.
“The siOPTICA technology is the best performing privacy screen technology currently offered on the market as proven by growing customer interest for a wide range of applications,” stated Dr Lou Hermans, Investment Partner at Capital-E Partners.