News Article
Silicon Line Closes an Investment Round of €6.3 Million
Silicon Line GmbH has announced that the Company successfully raised Euro 6.3 million from new and existing investors, Limburgse Reconversie Maatschappij NV, Hasselt Belgium, MVP Fund I and II GmbH & Co. KG, Munich, and Capital-E I and II Arkiv Comm. V.A, Antwerp.
Silicon Line is a worldwide leader in developing IC's and integrated solutions for high speed optical connections, based on proprietary low power designs and Optical Sub Assembly (OSA) technology. With this investment Silicon Line will finance the build-up of volume manufacturing of OSA's at the Corda Campus, Hasselt, Belgium and accelerate the implementation of the next generation of high speed optical connections needed for Virtual Reality connections, Internet Of Things and 4K, 8K displays. Silicon Line existing solutions already support HDMI 1.4 and 2.0, USB 3.1 up to 10 Gbps, DisplayPort 1.3 and MIPI D-PHY for cameras.
"We are very glad about this new investment from new shareholders. The invested capital will help us to industrialize and broaden our technology platform together with a larger number of existing and new customers. It will also increase the rate of our international expansion and allow us to have a stronger market presence in EU, China and the US where we expect rapid sales growth in the coming years. The worldwide market for our products is enormous and the capital infusion will accelerate our growth in the on-going industry-shift towards higher communication speeds where optical is the obvious way to go", says Ruud van der Linden, CEO Silicon Line.
Silicon Line is a worldwide leader in developing IC's and integrated solutions for high speed optical connections, based on proprietary low power designs and Optical Sub Assembly (OSA) technology. With this investment Silicon Line will finance the build-up of volume manufacturing of OSA's at the Corda Campus, Hasselt, Belgium and accelerate the implementation of the next generation of high speed optical connections needed for Virtual Reality connections, Internet Of Things and 4K, 8K displays. Silicon Line existing solutions already support HDMI 1.4 and 2.0, USB 3.1 up to 10 Gbps, DisplayPort 1.3 and MIPI D-PHY for cameras.
"We are very glad about this new investment from new shareholders. The invested capital will help us to industrialize and broaden our technology platform together with a larger number of existing and new customers. It will also increase the rate of our international expansion and allow us to have a stronger market presence in EU, China and the US where we expect rapid sales growth in the coming years. The worldwide market for our products is enormous and the capital infusion will accelerate our growth in the on-going industry-shift towards higher communication speeds where optical is the obvious way to go", says Ruud van der Linden, CEO Silicon Line.
