Optics11 announces 5 million euros for the commercial expansion of its industrial sensors business

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Optics11, the maker of breakthrough sensor technology for mission-critical environments, today announced a new €5 million funding round led by new investor FORWARD.one and returning investor Value Creation Capital. As part of the increase, Juha Van Riet will assume the role of CEO to grow the industrial sensor company’s global business operations and expand its product and solution offerings.

Optics11 helps make the public safer with its range of fiber optic sensors, optimized to operate in extreme conditions where electrical sensors typically fail, including offshore, high voltage, corrosive, radioactive and very hot environments or cold. These sensors are used by government and commercial organizations to monitor underwater activity, power grids, fuel plants, aircraft, civil infrastructure, and more.

“Industrial hardware enables innovation across all industries, and the unique capabilities of Optics11 technology will enable further leaps forward,” said Robin van Boxsel, partner at FORWARD.one. “We are proud to add Optics 11 to our portfolio and are confident that Juha’s management team will continue to expand the products and business opportunities in global markets.”

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“Optics11’s state-of-the-art fiber optic technologies help us better understand critical infrastructure. Its products and solutions are revolutionary in many applications and very useful in making the world safer, cleaner and healthier,” said Jos Bourgonje, managing partner of Value Creation Capital.

Van Riet joined Optics11 as Managing Director in April with over 15 years of management experience at energy companies such as Siemens, Woodward and Stork (a Fluor company), and served as a member of the Association’s Board of Directors Dutch gas turbine company. He takes the reins from Niek Rijnveld, who will serve as CEO of Optics11 Life, Optics11’s life science sister unit.

“I strongly believe in the scaling potential of Optics11 industrial sensing technology. Our solutions fundamentally increase the accuracy and reproducibility of critical measurements; we remove blind spots and add previously unmeasurable data to our clients’ asset management systems. This is highly relevant to today’s energy, infrastructure and security market needs,” said Van Riet.

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