23. June 2022
Opteran Technologies Ltd. has successfully closed its next financing round of over $12 million with Join as lead investor and Schauenburg Ventures continuing to support Opteran’s business development as co-investor. “Schauenburg has not only acted as a reliable investor since the last financing round, but has also intensively supported the piloting of industrial applications of our technology within their portfolio companies. We look forward to continuing the successful cooperation,” said David Rajan, CEO, Opteran.
The cooperation with Opteran illustrates the objective of Schauenburg’s venture arm to find synergies. Moritz Schumacher, Managing Director, Schauenburg Ventures: “We are convinced by Opteran’s technology and business development strategies. The example of Opteran shows how we connect to early-stage, innovative technologies with our venture investments. Through piloting, as in this case with Schauenburg Systems in South Africa and Astech Projects in the UK, we achieve positive momentum with our subsidiaries and support the development of the venture.”
Dieter Kovar, CEO, Schauenburg Systems in South Africa, is very positive about the collaboration, “Our core business is to improve the safety of miners in line with our motto Innovation that Saves. In particular, our Collision Avoidance Systems inco-operation with Opteran will move us forward on the road of autonomous mining.” Dieter Kovar and David Rajan agree: the co-operation is a clear win-win situation. “Having access to the latest technology developments through our own R&D and technology partners, will secure our long-term success,” Dieter Kovar sums up. David Rajan adds: “And thanks to Schauenburg Ventures, we gain access to completely new markets, customers and business partners with whom we can continue to develop.”
For more information on Opteran, please visit Opteran Technologies.
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