Jun 25 2002
Nanotechnlogy company Optiva Inc have secured a further $9million in series C funding. The most recent investors include AAFA Holdings, Altotech Ventures, ESN Group, Harris and Harris Group, NextGen Partners and Noval S.A. There are also a number of other investors which appear keen to contribute, which could see the round of funding close with a total of $15 to $20 million.
Optiva are based in San Francisco, with research and development facilities in Moscow. They manufacture self assembling ultra thin materials that are used in optical applications.
They intend to use the funding to scale up operations, sales and applications support for their new line of Thin Crystal Films (TCF), a new type of film for flat panel displays.
Optiva has also recently signed a manufacturing agreement with Sony Magnetic Products for TCF technology. The first product, a TCF Plastic Sheet Polarizer used in LCD monitors has already begun rolling off the production lines.
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