From lab optics to Europe’s unseen early-warning system.

Founded:
2011
Tech
Underwater security
Forward.one entry point:
Series A (lead investor), continued as Series B lead
Headquarters
Amsterdam, The Netherlands

The Challenge

Europe’s power grids and subsea infrastructure are under real pressure. Ageing transformers, overstretched high-voltage cables, and seabed assets exposed to sabotage and accidents. Traditional sensors either can’t survive these environments or only react when it’s already too late.

Optics11 builds ultra-sensitive fiber-optic sensing systems that “listen with light”, detecting threats and failures on the seabed and inside critical grid assets long before they cause outages or damage.

FORWARD.one involvement

Optics11 began as a spin-out from VU Amsterdam, founded by experimental physicist Davide Iannuzzi and serial entrepreneur Hans Brouwer. The vision was ambitious: build the world’s most sensitive fiber-optic sensors, capable of operating where other technologies fail. The technology was powerful but the company was spread across too many markets at once. 

We invested with conviction and helped sharpen the strategy. Together with the founders, we split the business: Optics11 Life focuses on life sciences, while Optics11 focuses on defense and energy, squarely within our Industrial Tech and Climate Tech domains. In 2024, we supported the hiring of Paul Heiden as CEO, bringing in a product-driven, commercial leader to turn deeptech into scale.

When we see that level of potential, we double down. We led the Series A and the €17M Series B, and helped build a sales structure around two business units; Underwater Security and Energy, with support from our venture partner Coen Bos.

The vulnerabilities facing Europe’s infrastructure today demand immediate and sophisticated responses. This is where we step in.

Paul Heiden

CEO, Optics11

Results

Optics11 is turning fiber-optic sensing into critical infrastructure for Europe:

  • >2x revenue growth year-on-year since our entry, with the company on track for another step-change as contracts scale. (Internal portfolio data.)
  • €17M equity round led by FORWARD.one (now largest shareholder), alongside SET Ventures and specialist deeptech investors financing rapid scale-up of solutions for grid and maritime operators.

    Up to €25M venture debt facility from the European Investment Bank, backing further rollout of fiber-optic early-warning systems across Europe’s critical infrastructure.
  • Defense traction: projects of up to €20M with the Dutch Ministry of Defence and strong momentum in underwater security, including advanced seabed monitoring and towed-array trials with European naval forces. (Company-reported figures – defense contracts often remain partially confidential.)

    Energy impact: Optics11’s grid monitoring solutions give utilities ultra-early warning of partial discharge and other failure modes in transformers and high-voltage assets — preventing blackouts, extending asset lifetimes, and reducing unplanned outages.
  • Nine-figure order book and pipeline, supported by partnerships and projects with leaders such as Thales, Naval Group, Fugro, NKT, Royal Smit, Airbus and others. (Company-reported commercial data.)

Europe needs European-built technology to protect its infrastructure. Optics11 is stepping into that role.

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