The Edinburgh laser manufacturer has closed a £1.2m round backed by Kelvin Capital, EOS, Scottish Enterprise, and ESM Investments.
"This new funding will enable us to expand our team and accelerate Chromacity’s growth, both commercially and technologically. We are seeing significant traction with major industrial companies in China and Japan, who are very interested in the high average power and broad wavelength coverage of our systems, and it’s important we are funded to accelerate growth and capitalise on these opportunities."
The seed round was led by SFC Capital to support the development of tracking technology and user experience.
"CauliBox is excited about working with SFC Capital to further our mission to eliminate single-use packaging waste in the food-to-go industry. We will be working with our catering partners to focus on improving our tracking technology and refining the user experience to ensure the circularity of our reuse scheme while helping our users to switch to more sustainable practices without hassle."
The strategic investment brings the firm's total Series C funds raised to $74m.
"The biggest threat to enterprise security today is people’s identities and behaviors. With more people working remotely, it’s never been more important for companies to know who their most high risk employees are, the threats they pose to company security, and how to keep them safe – without disrupting their workflow. We saw a huge opportunity with Tessian; by securing the human layer, businesses can stop threats and keep operations running."
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