Neuranics, a Glasgow, UK-based sensor specialist startup, raised £1.9M in funding.
The round was led by Par Equity with participation from GU Holdings, Old College Capital and Creator Fund.
The company intends to use the funds to expand operations and its business reach.
Founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh, by Kia Nazarpour (CSO), Hadi Heidari (CTO), and Noel McKenna (CEO), Neuranics develops magnetic sensors integrated with semiconductor technology for health, fitness, and metaverse applications. Its patented technology uses scalable spintronics sensors powered by semiconductors to detect tiny magnetic signals from organs in the body – for example the heart and muscles of the arms, which the company says could transform the current shortcomings of health monitoring devices and human-machine interfaces.
The company’s magnetocardiography (MCG) sensors are easier to use than traditional electrocardiography (ECG) sensors. In a human-machine interface application, the magnetomyography (MMG) sensing system can estimate single finger movements by detecting the magnetic activity of the forearm muscles. These sensors improve the latency issues when used to control a robotic hand, or interact with virtual objects in the metaverse.
FinSMEs
11/10/2023