Tel Aviv (Israel)-based Flō Optics has raised $35 million in a Series A round. The Jaglom family is the company’s primary investor, having previously invested in other similar companies, including Stratasys.
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Before this round, the company had only raised a few million dollars in seed funding. MEI Systems, an Italian firm that provides lens-edging machines and solutions for the industry, is one of the current investors in flō Optics and will have a minority ownership.
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The funds will be used by the company to speed product development, enhance production capacities, and expand operations to meet rising demand. This is a critical moment of expansion for the organization, as it uses technology advancements to establish a strong presence in the worldwide ophthalmic industry.
“We are a company that specializes in coating optical lenses through a digital printing process. Traditionally, every lens undergoes coating using wet processes, but we are developing technology that enables the coating to be printed directly onto the lens. In the past, control over the coating process was limited to the lens as a whole, but our technology allows for pixel-level precision,” Jonathan Jaglom, Chairman and CEO of flō Optics, told Calcalist. “This year, we will begin transitioning from the technology development phase to the early growth phase, with machines being installed in optics labs around the world.”
flō Optics’ founding team consists of inkjet technology professionals who share a passion for innovation and have substantial production experience. Flō Optics applied its expertise to the special requirements of optical lenses, and our R&D has resulted in multiple patents.
With a commitment to quality and creativity, the Flō Optics team is poised to redefine lens production by developing ever-changing solutions that fulfill the diverse needs of customers and optical merchants.
About Flō Optics
Founded in 2019 by Claudio Rottman, the company’s CTO, flō Optics currently employs approximately 60 people and has offices in both Israel and Switzerland. flō is a tech Startup, based in Israel, Developing a cutting edge technology for coating of optical surfaces.
