Maven Capital Partners has invested £2.6 million in PowerPhotonic, emphasizing its growth plans supported by previous funding from Archangels and Scottish Enterprise. This funding will help the precision optics specialist scale operations and expand its Arizona manufacturing base, enhancing its sales and marketing efforts.
"None of the tech giants are fixing eyesight," N iko Eiden, IXI's cofounder and CEO, told TNW in an interview. "They're looking at smart eyewear as a new wearable platform for AI assistants or capturing footage for your social media feed, but not solving the actual vision problem."
"I've had the opportunity to wear more or less all the best cycling glasses on the market, but when I'm not testing something new, the Oakley Encoders are the pair I always come back to. They hit a sweet spot of offering incredible optics, a brilliant field of view, and a combination of fantastic retention without becoming uncomfortable."