Danish-founded NIL Technology (NILT) has raised €6.3 million in a funding round co-led by Jolt Capital and NGP Capital.
Founded in 2006, NILT specialises in nanopatterning and nanoimprint lithography for industrial customers. The company plans to use the funding to develop full optical systems for sensor solutions to use in IoT, AR/VR, displays, and automotive products.
“Micro-optical sensors have been underutilised for a while mostly because of poor yield and lack of expertise,” said Jean Schmitt, managing partner of Jolt Capital. “NILT is a unique and critical supplier at the intersection of optical design and mass production, enabling high-quality sensors with high yield- and high volume production.”