poLight Raises NOK160M at 610M valuation from existing and new investors Investinor, Viking Venture and Industrifonden among others, and aims for IPO within a year

As such, the deal is confirmed to be at NOK 160M; the company, which was valued at NOK 610 million after the share capital increase and aims to complete an IPO within one year, intends to use the funds to continue its efforts to commercialize its autofocus lens.

Led by Øyvind Isaksen, CEO, and Eivind Bergsmyr, Chairman, poLight offers autofocus lens for mobile phone cameras, which provides instant focus of the image and on all objects in the image, including objects both close to and distant to the camera, as well as the opportunity to refocus the image post-capture.

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