Amsterdam-based Optics11, known for its expertise in fibre optics, has attracted significant investment, securing €17M to bolster efforts in protecting Europe’s vital infrastructure. This funding underscores a strategic move towards enhancing security in critical sectors by implementing advanced sensor technologies. The company’s focus on addressing vulnerabilities in essential systems highlights the increasing need for robust solutions in today’s geopolitical climate.
Previously, Optics11 encountered hurdles in attracting investment as investors were not keen on defense-related technologies. However, the scenario shifted as security threats became more prominent, proving the importance of Optics11’s innovations in current global contexts. Comparable past reports cited lesser funding thresholds, showcasing the increased confidence and recognition of fibre-optic sensor applications.
How is Optics11 Addressing Infrastructure Concerns?
Focusing on defense and energy, Optics11 utilizes fibre-optic sensors to preemptively identify issues within Europe’s aging transformer network and submarine cables. The company targets preventative maintenance as a priority, given that almost half of the 90,000 transformer stations in Europe have exceeded 40 years in age. Such proactive measures are crucial in addressing potential mechanical faults and threats.
Why are Investors Now Interested?
Investor interest blossomed following an incident in the Baltic Sea, where underwater cables were cut by anchors. This concrete example of vulnerability led to increased investments, with backers like Forward.One, SET Ventures, and Join Capital expressing commitment to Optics11’s cause. The growing geopolitical tensions have prompted investors to prioritize technologies that safeguard infrastructure.
Leading Optics11 is Dutch Marine officer Paul Heiden. The company is headquartered in Amsterdam-Zuidoost, with a workforce of about 70 employees focused on expanding fibre-optic technology applications in critical areas. The team’s initiatives cover both land and underwater infrastructure threats, highlighting the versatility and necessity of their innovative approaches.
Heiden stated, “Cables had just been severed by anchors in the Baltic Sea.”
The statement underscores urgent needs and real-world incidents that these sensors can help mitigate, reinforcing Optics11’s market relevance and future growth potential.
With the new investment, Optics11 is poised to scale production and enhance their technological capabilities further. By continuing to specialize in defence and energy sectors, the company ensures that infrastructure across Europe remains secure and efficient as potential threats continue to rise.
Optics11’s journey from a modest turnover of €4.5M last year to securing substantial funding reflects changing market conditions and growing awareness around infrastructure security. The funding allows them to meet increasing demand for advanced sensor technologies and maintain vigilance in safeguarding critical networks.
