Investment companies Jolt Capital, NGP Capital, Vækstfonden led the $31m round in NIL Technology. EIC Fund, an investment company, also participated in the round as a new investor. “I am delighted to have our existing renowned investors follow-on with this new financing round, and I am pleased to welcome a new important investor. We have built a great team and developed unique optical solutions that have received amazing response in the market. Our solutions for 3D near infrared sensing, using our optical and metalens solutions, demand expansion of our production capabilities, something that now will accelerate," Theodor Nielsen, NILT Founder and CEO.