NIL Technology, a revolutionary flat optics company headquartered in Copenhagen, has successfully secured €29 million in funding to expand its manufacturing operations. The investment originates from notable supporters including Export & Investment Fund Denmark, Jolt Capital, NGP Capital, and Swisscanto.
Since its establishment in 2006, NIL Technology has led the way in producing advanced nanostructures, positioning itself as a vertically integrated company specializing in nanostructured flat optics, also known as meta-optics. The company has witnessed a spike in demand for its technology and is now concentrating on enhancing its manufacturing capabilities to meet the increasing needs of its clientele.
By utilizing nanoimprint lithography (NIL) in its manufacturing process, NIL Technology is able to produce highly precise and adaptable nanostructures, leading to unparalleled performance in the field of meta-optics. This technology has significant applications in consumer electronics, automotive and robotics, and augmented and virtual reality (AR/VR) devices, where compact and lightweight optical solutions with minimal power consumption are essential.
Theodor Nielsen, CEO and Founder of NIL Technology, expressed his appreciation for the support from both current and new investors, highlighting the company’s dedication to producing top-tier meta-optics. He underscored the long-term commitment to advancing nanostructures and proprietary technologies as the driving force behind their success in this field.
According to Jean-Christophe Eloy, the CEO of Yole Group, a prominent technology market analysis company, the market potential for meta-optics is vast. Eloy believes that meta-optics represent the next stage in the evolution of optics, with applications spanning from consumer electronics to industrial, medical, and automotive sectors. A report by Yole Intelligence revealed that the market for optics lens sets for compact camera modules alone reached $5.25 billion in 2022, indicating substantial growth opportunities in this area.
The expansion of NIL Technology’s manufacturing capabilities is expected to facilitate advancements in key areas such as compact imaging modules, advanced imaging systems, and AR optical systems. The company has also recently achieved record-setting performance of transmit metalenses and launched new flat metalenses for near-infrared (NIR) applications, further solidifying its position as an industry leader in the field of meta-optics.
The success of NIL Technology underscores the increasing significance of meta-optics in the realm of advanced optics, and the company’s commitment to innovation and excellence is poised to drive further breakthroughs in the industry.