QDI Systems Raises €5M in Funding

QDI Systems

QDI Systems, a Groningen, the Netherlands-based technology company developing imaging devices for medical applications, raised €5M in funding.

The round was led by NOM, the Investment and Development Agency for the Northern Netherlands, and was joined by previous investors Carduso Capital, RuG Ventures, and Nordic venture capital fund Maki.vc. The funding also included an innovation loan of €1.97M from the Netherlands Enterprise Agency (RVO).

The company intends to use the funds for the development of innovative science-based projects.

Founded in 2019 as a spin-off of the Zernike Institute for Advanced Materials at the University of Groningen and led by CEO and Founder Artem Shulga, QDI Systems is a technology company developing imaging devices for medical applications, utilising nanomaterial quantum dots.

The company develops imaging devices for medical applications, utilising nanomaterial quantum dots. In addition to X-ray applications, QDI Systems is also developing technology that utilises shortwave infrared (SWIR). The use of SWIR presents significant new potential markets for the company, including industrial applications, such as image sensors for sorting processes, and consumer applications like facial recognition for mobile phones.

FinSMEs

16/01/2024