Neuranics raises £6.1m in seed funding led by Blackfinch Ventures to scale its magnetic sensing technology.
The seed round was led by Blackfinch Ventures to support global growth and commercial adoption.
Neuranics is a Scottish deep tech semiconductor company developing magnetic sensing technology for human machine interaction. The firm uses tunnelling magnetoresistance sensors to detect bodily signals for wearable and extended reality applications.
Neuranics has secured £6.1m in seed funding to accelerate global growth and commercialise its magnetic sensing technology. Blackfinch Ventures led the round, with participation from Archangels, Par Equity, the University of Glasgow, and Old College Capital. The capital will be directed towards team expansion, core technology innovation, and market integration across extended reality and wearables.
From the founder
"This investment marks a significant step forward as we continue pioneering new applications for magnetic sensing. With the support of our investors, we are expanding our team, advancing our technology, and bringing our solutions closer to widespread adoption."
Noel McKenna
CEO at Neuranics
Investor perspective
"The team at Neuranics have shown us that they can not only accurately detect finite movement, but do so whilst consuming low power, which clearly opens up a tremendous number of applications across business and industry. Neuranics have an exciting market for their technology, and we look forward to working with the team."
Kimberley Hay
Ventures Director, Blackfinch Ventures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
Kimberley Hay
Blackfinch Ventures
Sarah Hardy
Archangels
Oliver Johnston-Watt
Par Equity
University of Glasgow
Old College Capital