Picodeon to ramp up research and manufacturing after investment

Editor: Staff Editor

Finnish Picodeon is to accelerate the development and manufacture of its disruptive thin films and thin film deposition tools following a EUR 5 million round of investment by Enso Ventures.

In addition, Picodeon recently started a new project funded by TEKES (the Finnish Funding Agency for Technology and Innovation) with a value over EUR 1 million.

The investment will fund further research into thin-film applications and the development of new thin-film materials, as well as the production of a market-ready range of laser deposition equipment.

“This investment round enables Picodeon to continue the commercialisation and production of its innovations related to nanotechnology thin-film solutions and equipment. Enso Ventures is an ideal investor for us as they are committed to a long-term business development plan,” said Marko Mylläri, CEO of Picodeon.

Picodeon is investing nearly EUR 2 million in the development of new automated thin-film coating equipment which will be up and running by January 2014.

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