GLASGOW, Scotland–(BUSINESS WIRE)–Neuranics, an award-winning Scottish deep-tech semiconductor firm pioneering the way forward for human-machine interplay, has raised $8 million in seed funding to speed up international development and the business adoption of its Tunnelling Magnetoresistance (TMR) magnetic sensing expertise.
The funding spherical was led by Blackfinch Ventures, with participation from Archangels, and continued help from Par Fairness, the College of Glasgow, and Previous School Capital, the College of Edinburgh’s enterprise funding fund.
The funding will drive the corporate’s subsequent section—strengthening its workforce, accelerating innovation throughout core applied sciences, and enabling widespread integration of its TMR expertise into rising and high-tech markets, together with XR, wearables, and digital well being.
Neuranics’ ultra-sensitive, low-power, and scalable sensors detect tiny magnetic indicators from the human physique, enabling exact monitoring of muscle exercise for gesture recognition and coronary heart indicators—all with out pores and skin contact. In comparison with conventional strategies, Neuranics’ magnetic sensing expertise presents improved accuracy, lowered energy consumption, and the potential for steady monitoring. These benefits place Neuranics’ expertise as a breakthrough for next-generation XR {hardware} and wearable expertise.
Neuranics is actively collaborating with world-leading Tier-1 semiconductor and XR producers to reveal its worth in validating efficiency and manufacturing readiness for scaling into high-volume functions throughout client, industrial, and healthcare markets.
Noel McKenna, CEO of Neuranics, stated: “This funding marks a major step ahead as we proceed pioneering new functions for magnetic sensing. With the help of our traders, we’re increasing our workforce, advancing our expertise, and bringing our options nearer to widespread adoption.”
Kimberley Hay, Senior Ventures Supervisor at Blackfinch Ventures, commented, “ The workforce at Neuranics have proven us that they cannot solely precisely detect finite motion, however accomplish that while consuming low energy, which clearly opens up an incredible variety of functions throughout enterprise and business. Neuranics have an thrilling marketplace for their expertise and we look ahead to working with the workforce.”
Oliver Johnston-Watt, Funding Analyst at Par Fairness, who’ve supported Neuranics since its pre-seed spherical, stated: “Neuranics is an ideal instance of the kind of modern expertise that Par Fairness is eager to help. They’re a improbable consultant of the world-class deep tech innovation rising from Scotland’s universities, and we’re excited to assist them proceed to scale globally.”
Sarah Hardy, Director and Head of New Investments at Archangels, who’re investing in Neuranics for the primary time, added: “We look ahead to supporting Neuranics because it seeks to capitalise on its modern magnetic sensing resolution. The corporate’s high-calibre workforce and skilled management, present a wonderful basis upon which to scale the enterprise.”
Based in 2021 because the first-ever joint spinout from the College of Glasgow and the College of Edinburgh, Neuranics has rapidly established itself on the forefront of magnetic sensing innovation. The corporate was just lately recognised with a CES Innovation Award, one of many tech business’s most prestigious international honours. With this newest funding, Neuranics will proceed to refine its expertise and strengthen collaborations with international companions within the XR and semiconductor sectors.
About Neuranics
Neuranics, based mostly in Scotland, is a pioneering firm on the forefront of magnetic sensing options, redefining human-machine interplay. By integrating ultra-sensitive TMR expertise with customized circuit design and superior {hardware} and software program, Neuranics develops transformative options for XR, next-generation human-machine interfaces, and wearable well being monitoring.
Contacts
Contact Neuranics for additional data:
Charlene Alcantar
Electronic mail: data@neuranics.com
www.neuranics.com
GLASGOW, Scotland–(BUSINESS WIRE)–Neuranics, an award-winning Scottish deep-tech semiconductor firm pioneering the way forward for human-machine interplay, has raised $8 million in seed funding to speed up international development and the business adoption of its Tunnelling Magnetoresistance (TMR) magnetic sensing expertise.
The funding spherical was led by Blackfinch Ventures, with participation from Archangels, and continued help from Par Fairness, the College of Glasgow, and Previous School Capital, the College of Edinburgh’s enterprise funding fund.
The funding will drive the corporate’s subsequent section—strengthening its workforce, accelerating innovation throughout core applied sciences, and enabling widespread integration of its TMR expertise into rising and high-tech markets, together with XR, wearables, and digital well being.
Neuranics’ ultra-sensitive, low-power, and scalable sensors detect tiny magnetic indicators from the human physique, enabling exact monitoring of muscle exercise for gesture recognition and coronary heart indicators—all with out pores and skin contact. In comparison with conventional strategies, Neuranics’ magnetic sensing expertise presents improved accuracy, lowered energy consumption, and the potential for steady monitoring. These benefits place Neuranics’ expertise as a breakthrough for next-generation XR {hardware} and wearable expertise.
Neuranics is actively collaborating with world-leading Tier-1 semiconductor and XR producers to reveal its worth in validating efficiency and manufacturing readiness for scaling into high-volume functions throughout client, industrial, and healthcare markets.
Noel McKenna, CEO of Neuranics, stated: “This funding marks a major step ahead as we proceed pioneering new functions for magnetic sensing. With the help of our traders, we’re increasing our workforce, advancing our expertise, and bringing our options nearer to widespread adoption.”
Kimberley Hay, Senior Ventures Supervisor at Blackfinch Ventures, commented, “ The workforce at Neuranics have proven us that they cannot solely precisely detect finite motion, however accomplish that while consuming low energy, which clearly opens up an incredible variety of functions throughout enterprise and business. Neuranics have an thrilling marketplace for their expertise and we look ahead to working with the workforce.”
Oliver Johnston-Watt, Funding Analyst at Par Fairness, who’ve supported Neuranics since its pre-seed spherical, stated: “Neuranics is an ideal instance of the kind of modern expertise that Par Fairness is eager to help. They’re a improbable consultant of the world-class deep tech innovation rising from Scotland’s universities, and we’re excited to assist them proceed to scale globally.”
Sarah Hardy, Director and Head of New Investments at Archangels, who’re investing in Neuranics for the primary time, added: “We look ahead to supporting Neuranics because it seeks to capitalise on its modern magnetic sensing resolution. The corporate’s high-calibre workforce and skilled management, present a wonderful basis upon which to scale the enterprise.”
Based in 2021 because the first-ever joint spinout from the College of Glasgow and the College of Edinburgh, Neuranics has rapidly established itself on the forefront of magnetic sensing innovation. The corporate was just lately recognised with a CES Innovation Award, one of many tech business’s most prestigious international honours. With this newest funding, Neuranics will proceed to refine its expertise and strengthen collaborations with international companions within the XR and semiconductor sectors.
About Neuranics
Neuranics, based mostly in Scotland, is a pioneering firm on the forefront of magnetic sensing options, redefining human-machine interplay. By integrating ultra-sensitive TMR expertise with customized circuit design and superior {hardware} and software program, Neuranics develops transformative options for XR, next-generation human-machine interfaces, and wearable well being monitoring.
Contacts
Contact Neuranics for additional data:
Charlene Alcantar
Electronic mail: data@neuranics.com
www.neuranics.com
