Hungarian OptoForce secures VC investment
Hungarian startup OptoForce has recently secured an investment from Finext Startup and Day One Capital. Jozsef Veres, CTO of OptoForce, did not disclose the exact amount of the funding, however, he told inventures.eu that the investors “have acquired a significant minority stake in the company.”
“After months of negotiation we are happy to have the investment,” said Veres. He believes that the acquired funding together with the network and help of the investors will help the company successfully utliise its products.
OptoForce’s main invention is a 3D sensor that has the ability to pick up and measure not only the strength of the forces applied to it but also the direction they’re coming from. “We are planning to offer tailor-made solutions to the biggest companies in the field of industrial automation,” said Veres. But that’s not all. “After the necessary IP protection, we are planning to offer innovation in the fields of automotive industry, consumer electronics, sports, and the toy industry.”
The startup has also developed a second product – the OptoForce Elastic Solution, which you can read more about here.
Over the past year and a half, the OptoForce team has successfully participated in a number of startup competitions, including Startup Underground 2012 where they won first place. The startup was officially founded in October 2012, and according to Veres, they expect to be profitable in about 3-4 years’ time.