Neuranics, a deep tech semiconductor company from the universities of Edinburgh and Glasgow, has raised $8 million in funding to accelerate the global adoption of its advanced magnetic sensing technology.

Target Information

Neuranics, a pioneering deep tech semiconductor company, originated as a joint spinout from the universities of Edinburgh and Glasgow. Recently, it secured $8 million in funding aimed at enhancing its global growth trajectory and facilitating the commercial adoption of its innovative magnetic sensing technology. The investment will enable Neuranics to advance its core technologies and strengthen its team.

The company's proprietary Tunnelling Magnetoresistance (TMR) technology is noteworthy for its ultra-sensitive and low-power capabilities. Neuranics' sensors can detect minute magnetic signals emitted by the human body, which allows for precise tracking of muscle activity and heart signals—all without physical contact with the skin. This technology presents significant advantages over traditional methodologies, including improved accuracy and reduced power consumption.

Industry Overview

The semiconductor industry in Scotland is experiencing substantial growth, driven by increased demand for advanced technology solutions across various sectors. With a particular focus on