News from the Region

News

RTP optics tech firm lands funding from 5 backers, wants more

RESEARCH TRIANGLE PARK – ImagineOptix, which believes it is leading the “burgeoning optical revolution,” has landed $200,000 from five investors and is looking for more.

The RTP firm that traces its beginnings to N.C. State disclosed in an SEC filing that it has secured the new funding through a debt raise.

It looks to add another $300,000.

CEO Erin Clark believes the company is poised to be a leader in the “burgeoning optical revolution” and the company secured some $14 million in funding over the past two years.

“The timing has been very fortuitous,” Clark told WRAL TechWire last year, pointing to the firm’s  proprietary technology developed over the years that allows optics to be “thinner, lighter, and more efficient than current optics solutions.”

The RTP-based company specializes on optics technology used in virtual and augmented reality devices.

Original Article Source: WRAL TechWire