Pinewood Studios, London—British technology company Rotolight secured a second round of equity investment from the Development Capital team at Octopus Investments. The funding followed the successful launch of Rotolight’s Titan X2. Rotolight specializes in creating advanced LED lighting for the cinema, broadcast and photographic industries.
Octopus invested in Rotolight earlier this year and remains a long-term partner for the company. It has now provided additional funding to support the next stage of Rotolight’s ambitious growth plans. Moreover, among those plans were the opening of offices in both the United States and Holland.
The follow-on investment also provides increased resources to protect and enforce Rotolight’s intellectual property portfolio of more than 50 patents and designs.
“This was a transformational year for Rotolight,” said Rod Aaron Gammons, Rotolight CEO. “We saw the initial equity investment from Octopus; growth in our international team; and the incredible reception to our latest innovation: the Titan X2. We are also investing millions of pounds in research and development in order to create products with groundbreaking, industry-first features that save time and money. They also enhance the creative possibilities for filmmakers and photographers all over the world.
“This is only possible in the knowledge that our intellectual property rights protecting that investment are respected,” Gammons added. “This extra funding will allow us to take any actions necessary to ensure they are upheld. Any companies wishing to legitimately use our Intellectual Property should contact us immediately for a license.”
Over the years, Rotolight’s products have lit countless famous faces. They include Martin Scorsese, Margot Robbie and Sir Elton John. Such feature films as James Bond Skyfall and Tom Hanks’s Captain Phillips also utilize Rotolight products.
In addition, Rotolight has won 30-plus awards for technological excellence. Its latest LED soft light, the Titan X2, received kudos from directors of photography, studios, rental houses and journalists alike. The company also reports that it has a large list of preorders.
The Titan X2 is a 2×1 soft light, with RGBWW technology to provide users with “unparalleled light output, outstanding color accuracy and a suite of industry-first features,” added Gammon. The first Titan X2 units shipped as planned in November.