About poLight
poLight is a company based in Horten (Norway) founded in 2005.. poLight has raised $58.24 million across 5 funding rounds from investors including SINTEF, Investinor and Viking Venture. The company has 22 employees as of December 31, 2020. poLight operates in a competitive market with competitors including sensiBel, Axsun Technologies, Unispectral, Miradia and OQmented, among others.
- Headquarter Horten, Norway
- Employees 22 as on 31 Dec, 2020
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$1.4 M (USD)33as on Dec 31, 2022
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Net Profit
$-7.09 M (USD)-27as on Dec 31, 2022
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EBITDA
$-7.06 M (USD)-27as on Dec 31, 2022
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Total Equity Funding
$58.24 M (USD)
in 5 rounds
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Latest Funding Round
$20 M (USD), Series C
Aug 16, 2016
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Investors
SINTEF
& 6 more
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Employee Count
22
as on Dec 31, 2020
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Funding Insights of poLight
poLight has successfully raised a total of $58.24M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $20.0M
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First Round
First Round
(10 Jan 2008)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series C - poLight | Valuation |
investors |
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| Feb, 2015 | Amount | Series C - poLight | Valuation |
investors |
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| Jul, 2011 | Amount | Series B - poLight | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in poLight
poLight has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include SINTEF, Investinor and Viking Venture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Growth-stage tech and energy investments in Europe are targeted.
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Founded Year | Domain | Location | |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by poLight
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - poLight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polight Comparisons
Competitors of poLight
poLight operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as sensiBel, Axsun Technologies, Unispectral, Miradia and OQmented, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Noise cancellation-enabled MEMS microphones are manufactured by sensiBel in Norway.
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| domain | founded_year | HQ Location |
MEMS-based optical engines and spectrometers are developed and manufactured.
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| domain | founded_year | HQ Location |
Hyper spectral digital imaging sensors
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| domain | founded_year | HQ Location |
MEMS micro mirror arrays are designed for projection display markets.
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| domain | founded_year | HQ Location |
MEMS and time-of-flight technology-based 3D laser scanning solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Polight
Frequently Asked Questions about poLight
When was poLight founded?
poLight was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is poLight located?
poLight is headquartered in Horten, Norway.
Is poLight a funded company?
poLight is a funded company, having raised a total of $58.24M across 5 funding rounds to date. The company's 1st funding round was a Series B of $18.5M, raised on Jan 10, 2008.
How many employees does poLight have?
As of Dec 31, 2020, the latest employee count at poLight is 22.
What is the annual revenue of poLight?
Annual revenue of poLight is $1.4M as on Dec 31, 2022.
What does poLight do?
Developer of focus actuators for optical lenses. When current is passed through the piezo material placed on the glass membrane, it deforms the polymer kept between the glass membrane and support glass, thus allowing light rays to focus accordingly. Technology is claimed to be consuming less energy, takes less time to focus and has high optical stability among other advantages. It enables the production of wafer scale (MEMS) active optical components based on deformable polymers.
Who are the top competitors of poLight?
poLight's top competitors include Axsun Technologies, sensiBel and OQmented.
Who are poLight's investors?
poLight has 7 investors. Key investors include SINTEF, Investinor, Viking Venture, Industrifonden, and TD Veen.
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