Baltic Export, EU – Baltic States, Good for Business, Industry, Innovations, Investments, Latvia, Markets and Companies, Technology, USA
International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 09:31
Latvia’s 3D display manufacturer LightSpace Technologies opens office in Silicon Valley
At new location LightSpace Technologies will be promoting Latvian-made technology for displaying optically deep 3D images with use in medicine, scientific visualization and AR/MR wearable 3D displays with optically deep images.
"In late January the company took part in a high technologies fair in San Franciso. More than 30 people attended the company’s stand with a wish to discuss use of this technology for their needs. It was yet another signal that interest about technologies is high and the decision about the office has been correct," said the company’s board chairman Ilmars Osmanis.
The strategic investor in LightSpace Technologies is Latvia’s high-tech company HansaMatrix who also supported opening of the new office.
HansaMatrix owns a 17.21% stake in LightSpace Technologies. Last year the company’s investments in LightSpace Technologies reached EUR 188,000.
LightSpace Technologies, founded in 2014, reported a turnover of EUR 11,874 in 2015, while the company’s loss reached EUR 117,473.
The company belongs to BaltCap Latvia Venture Capital Fund (36.06%), AIF Imprimatur Capital Technology Venture Fund (19.58%), Swedish Hornell Teknikinvest AB (18.98%), HansaMatrix (17.22%) and AIF Imprimatur Capital Seed Fund (8.25%).