# poLight AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polight

- Industry: Electronics
- Headquarters: Norway
- Website: www.polight.no
- Total disclosed funding: $19M
- Latest round: Series B (Jul 6, 2011)
- Investors on record: 4

## About

poLight AS is a Norwegian company specializing in tunable optics, notably through its innovative TLens® technology, which enhances autofocus capabilities in various camera systems across multiple industries.Founded in 2005, poLight AS is a Norwegian firm that focuses on advanced optics solutions, particularly through its TLens® product line. The company has not undergone any notable pivots in its business strategy. It operates out of Norway and has raised a total of NOK 160 million in its latest funding round, a Pre-IPO round on August 15, 2016, involving investors such as Industrifonden, Investinor, and Viking Growth. The CEO of poLight AS is Øyvind Isaksen.poLight® specializes in tunable optics, primarily through its flagship product, the TLens®. This innovative lens technology mimics the focusing capabilities of the human eye, enabling instant auto focus, all-in-focus options, and a constant field of view across various camera systems. TLens® technology enhances image quality in mobile devices, industrial applications, and augmented reality, and holds promise for medical devices. Designed to replace traditional Voice Coil Motor (VCM) systems, TLens® offers superior speed, reduced power consumption, and a compact form factor. poLight® markets its products globally, targeting OEMs in the smartphone industry, wearable technology, barcode scanners, and smart glasses.In 2022, poLight® reported a revenue of NOK 1,395,251.30 and an EBITDA of NOK -6,133,237.60. The company generates revenue through direct sales and partnerships with manufacturers in the electronics and optics industries, supplying TLens® products to OEMs and integrators who incorporate the technology into their devices. Revenue streams include TLens® sales and associated products, with pricing reflecting the advanced nature of the technology and tailored contracts for each client.Following its most recent deal in August 2016, poLight AS aims to leverage the NOK 160 million raised in Pre-IPO funding to accelerate product development and market expansion. The company is focused on launching new products in the optics domain, targeting specific markets in North America, Europe, and Asia for expansion by the end of 2024. The funding will support these initiatives, aiding in the development of new technologies and expanding their global footprint.

## Funding rounds

- Series B, Jul 6, 2011, $19M — Alliance Venture, Viking Growth, Investinor, SINTEF

## Investors

- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Series B
- Viking Growth (https://capitalatlas.ai/funds/viking-growth) — Series B
- Investinor (https://capitalatlas.ai/funds/investinor) — Series B
- SINTEF (https://capitalatlas.ai/funds/sintef) — Series B