What does Neuranics do?
Neuranics develops advanced human-machine interaction solutions by integrating ultra-sensitive TMR magnetic sensing technology with custom circuit design, hardware, and software. Its innovations target applications in XR, wearable health monitoring, and other high-tech sectors.
How much did they raise?
The company raised $8M in Seed funding, with Blackfinch Ventures leading the round and participation from Archangels, Par Equity, the University of Glasgow, and Old College Capital.
What are their plans for the money?
Neuranics plans to use the funding to accelerate its global expansion and speed up the commercial adoption of its TMR sensing technology. This move is expected to enhance its ability to validate performance and production readiness for high-volume applications across consumer, industrial, and healthcare markets.
What have they achieved so far?
Since its founding in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh, Neuranics has forged collaborations with Tier-1 semiconductor and XR manufacturers to demonstrate the scalability and effectiveness of its technology.
