Privacy hardware startup siOPTICA closes a €2M financing round
Jena-based siOPTICA has raised €2 million from its current investors German bm|t, Antwerp-based and technology-focused Capital-E, as well as the business angels from Revotech GmbH & Co. KG.
Founded in 2013, siOPTICA develops and sells display solutions for visual privacy on demand. The company offers its customers in the banking, payment, automotive and consumer electronics industry technology licenses, key components or displays with integrated switchable privacy.
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 keystroke.
As the startup claimed, the fresh funding will be used to drive further industrialisation and high-volume manufacturing of the existing products, as well as to strengthen its marketing and sales activities.