The European Investment Bank (EIB) has signed a €25 million venture debt financing agreement with SET portfolio company and Dutch fibre-optic sensor innovator, Optics11. The company uses advanced fibre-optic sensing technology with applications in two core critical sectors for European strategic autonomy: Energy and Underwater Security.
Optics11’s technology enables ultra-sensitive vibration and acoustic monitoring in harsh environments, supporting missions such as submarine monitoring, border surveillance, and structural health monitoring of naval assets and electricity networks.
The EIB backing for Optics11 is supported under the European Commission’s InvestEU programme.
“Our continent is working hard to make sure it can hold its own in many different fields, but we need to support the companies that can make that happen.” said EIB Vice-President Robert de Groot. “From the energy sector to security and defence capabilities, we need to be able to have the best technology for known and unknown threats. In short, the solutions developed by Optics11 are providing Europe with critical solutions and competitive advantages for the world that is coming.”
“Disruptions to subsea infrastructure, maritime trade or failures in high-voltage grids have immediate and far-reaching consequences on our society,” said Optics11 CEO Paul Heiden. “With this EIB financing, Optics11 accelerates the deployment of unique fibre-optic sensing technologies that protect the infrastructure so essential to Europe’s security and energy resilience.”
Optics11 will use the EIB venture debt financing to accelerate the productisation and Europe-wide adoption of its unique monitoring technology to protect critical infrastructure where it is at its most vulnerable: underwater and within high-voltage grids. The uninterrupted supply of power, oil, gas and data on land and subsea, as well as uninterrupted maritime trade – 70% of Europe’s trade volume – are cornerstones of our prosperity and our ability to protect ourselves.
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
Thi is a great article no doubt about it, i just started following you and i enjoy reading this piece. Do you post often ? we have similar post on the german best freelancer platform you can check it out if you want. Trusted source by Google.Thank you