NIL Technology designs, develops, and manufactures optical elements and components—including metalenses and other meta-optics—using high-precision nanoscale features and vertically integrated production. Its flat camera lenses and optical components target next-generation sensing, imaging, and 3D sensing applications for smartphones, consumer products, AR/MR, robotics, and automotive markets. The company says its solutions improve performance, efficiency, compactness, and material consumption and has consistently reported high transmission efficiencies for metalenses. NIL Technology was founded in Denmark by Theodor Nielsen and Brian Bilenberg and recently published research in Nature Communications Physics demonstrating that experimental performance is closing the gap with theoretical promises. It has raised €29 million in new capital to scale manufacturing capabilities and meet higher-volume customer requests. Management emphasizes ramping mass production through proprietary technologies and a long-term commitment to advanced nanostructures to serve growing customer demand. NIL Technology is an optical solutions company based in Copenhagen, Denmark, led by founder and CEO Theodor Nielsen. It designs, develops and manufactures optical elements and components using high-precision nanoscale features, employing diffractive optical elements and metalenses. Its product portfolio includes diffusers, fan-outs, collimators, focusing lenses and technology for making planar waveguides. Target applications include 3D sensing, consumer electronics, machine vision, autonomous vehicles and VR/AR displays. The company raised €26m (USD $31m) to accelerate mass production capabilities and expand product development efforts. NILT intends to use the funds to strengthen development of its metalens technology to simplify optics, reduce size and improve quality across optical component use cases. Founded in 2006 by Theodor Nielsen, NIL Technology specializes in nanopatterning and nanoimprint lithography for industrial customers. The company develops nano- and micro-optical systems and nanopatterning solutions for sensor and optical applications. It has served more than 300 different customers globally. NIL’s technologies have applications across mobile devices, IoT, AR/VR, displays and automotive. The company is based in Copenhagen, Denmark and Gothenburg, Sweden. It plans to use new capital to expand R&D, production capacity and its sales presence.

Total raised

$70M

Funding rounds

3

Latest round

Equity

Latest activity

May 2024