Summary:
Flō Optics raises $35 million in Series A funding.
The startup aims to replace traditional wet processes with digital printing technology for optical lenses.
Pixel-level precision in coating technology is a key innovation.
Investment includes support from MEI Systems and the Jaglom family.
Funds will be used for product development and expanding production capabilities.
Flō Optics Revolutionizes Lens Coating
Flō Optics, an Israeli startup, has successfully raised $35 million in a Series A funding round aimed at redefining the lens coating industry. The primary investor is the Jaglom family, known for their prior investments in companies like Stratasys. Previously, Flō Optics had only secured a few million dollars during its Seed round.
The company has also gained investment from MEI Systems, an Italian firm specializing in lens-edging machines, which will take a minority stake in Flō Optics.
Innovative Technology
Jonathan Jaglom, Chairman and CEO of Flō Optics, explained their groundbreaking approach:
"We are a company that specializes in coating optical lenses through a digital printing process. Traditionally, every lens undergoes coating using wet processes, but we are developing technology that enables the coating to be printed directly onto the lens. Our technology allows for pixel-level precision."
The company plans to transition from the technology development phase to the early growth phase this year, with installations in optics labs worldwide.
Growth and Expansion
The funds raised will accelerate product development, expand production capabilities, and enhance operations to meet the increasing demand for their innovative solutions. This marks a pivotal growth period for Flō Optics as they leverage their technological advancements to establish a significant presence in the global ophthalmic market.
Founded in 2019 by Claudio Rottman, the CTO, Flō Optics currently employs around 60 staff and operates in both Israel and Switzerland.
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