Flō Optics raises $35 million Series A to replace traditional lens coatings with printed tech
Flō Optics raises $35 million Series A to replace traditional lens coatings with printed tech
The Israeli startup aims to substitute traditional wet processes with pixel-level precision technology.
Flō Optics, an Israeli company that has developed a solution for coating optical lenses using digital printing technology, has raised $35 million in a Series A round. The main investor in the company is the Jaglom family, which has previously invested in several companies in the field, including Stratasys. Prior to this round, the company had raised only a few million dollars in a Seed round. Among the current investors is the Italian company MEI Systems, which produces lens-edging machines and solutions for the industry, and will hold a minority stake in flō Optics.
"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. In the past, control over the coating process was limited to the lens as a whole, but our technology allows for pixel-level precision," Jonathan Jaglom, Chairman and CEO of flō Optics, told Calcalist. “This year, we will begin transitioning from the technology development phase to the early growth phase, with machines being installed in optics labs around the world.”
The financing will be used by the company to accelerate product development, expand production capabilities and increase operations to meet growing demand. This is a key period of growth for the company, as it leverages its technological advances to establish a significant presence in the global ophthalmic market.
Founded in 2019 by Claudio Rottman, the company’s CTO, flō Optics currently employs approximately 60 people and has offices in both Israel and Switzerland.
