Luxexcel, a fast-growing company that developed a unique technology to 3D print ophthalmic lenses has announced that it received up to 10M US$ in equity financing from a group of financial and strategic investors.
KLA-Tencor Corporation, participates in this round both financially as well as through in-kind industrial cooperation with Luxexcel. The existing financial investors of Luxexcel, SET Ventures from the Netherlands, Germany based Munich Venture Partners and the Flemish regional investment fund PMV also participate in this round.
The successful completion of this financing round marks an important milestone for Luxexcel. The company is currently preparing its 3D-Printing platform for global shipments to ophthalmic labs in the second half of 2017. The platform consisting of industrial grade 3D-printers, lens-design software and workflow integration tools was successfully introduced during Vision Expo East 2017 in New York.
Hans Streng, Chief Executive Officer of Luxexcel says: "This investment by a group of renowned investors combined with the strategic cooperation with KLA-Tencor is of key importance to our business development. It enables us to bring high quality industrial 3D printers to the ophthalmic market and it shows great confidence in our business strategy. Ever since our focus on 3D printing of ophthalmic lenses we have experienced an exponentially increasing interest and market pull both from the ophthalmic market as well as related industries such as Virtual and Augmented Reality. The cooperation with KLA-Tencor and its global track record in the semiconductor-tooling industry gives a major boost to our smart-glasses roadmap. We are now ready to scale up, deliver and disrupt...exciting times."
The Luxexcel technology combines hardware, consumables and design-software, in one 3D printing solution. The Luxexcel printing platform can be integrated within today's standard ophthalmic lab workflow. Lenses produced with the 3D print solution are compatible with industry coatings and customary processes like edging and framing. The print platform offers ophthalmic labs the freedom to create revolutionary lens designs and smart-glass functionalities in a mainstream ophthalmic process.
Luxexcel is the only company in the world which can 3D print ophthalmic lenses. The company started in 2009 and has fully optimized its 3D print technology for the ophthalmic market. The unique and highly accurate technology allows manufacturing lenses without the need for polishing. Luxexcel enables the launch of new and unique products and services to the ophthalmic industry.
Source and top image: Luxexcel
Learn more at the next leading event on the topic: Medical Innovations Forum USA 2017 on 13 Nov 2017 in Santa Clara Convention Center, CA, USA hosted by IDTechEx.