Neuranics raises £1.9M funding for magnetic sensor advancements
Neuranics, a sensor specialist startup based in Glasgow, UK, has recently raised £1.9M in funding. The funding round was led by Par Equity and saw participation from GU Holdings, Old College Capital, and Creator Fund. With this investment, Neuranics aims to expand its operations and increase its business reach. The company was founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh by its founders: Kia Nazarpour (CSO), Hadi Heidari (CTO), and Noel McKenna (CEO).
Neuranics specializes in developing magnetic sensors integrated with semiconductor technology for a variety of applications including health, fitness, and metaverse.
Its patented technology utilizes scalable spintronics sensors powered by semiconductors to detect minuscule magnetic signals generated by organs in the human body, such as the heart and muscles. The company believes that this technology has the potential to address the current limitations of health monitoring devices and human-machine interfaces.
One key advantage of Neuranics' magnetic sensors is their ease of use compared to traditional electrocardiography (ECG) sensors. The company's magnetocardiography (MCG) sensors offer a more user-friendly alternative. In addition, Neuranics' magnetomyography (MMG) sensing system can estimate single finger movements by detecting the magnetic activity of forearm muscles. These sensors play a crucial role in mitigating latency issues when controlling robotic hands or interacting with virtual objects in the metaverse.
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| Investors | Investment Focus | Startup Investments | Round Size | Connect |
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 Par Equity( ) This venture capital firm, founded in 2008, operates from offices in Edinburgh a... Edinburgh  | ||||
 GU Holdings( ) | ||||
 Old College Capital( ) Old College Capital (OCC) is the University of Edinburgh’s venture investment fu... Edingburgh | ||||
 Creator Fund( ) This venture capital firm focuses on investing in companies within the technolog... London | ||||
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