Neuranics, a Scottish deep-tech semiconductor company, has secured $8 million in seed funding for its magnetic sensing technology.
Blackfinch Ventures led the round, with participation from Archangels, Old College Capital, the University of Glasgow, Par Equity and the University of Edinburgh's venture investment fund.
WHAT IT DOES
Neuranics offers ultrasensitive, low-power magnetic sensing...
By 2018 an estimated 75.7 million consumer health and fitness devices with integrated wireless connectivity will ship, up from 23 million such devices in 2011, according to a recent report from IHS Technology. The research firms points out that Bluetooth Smart-connected devices are the most popular, but devices that make use of the fitness and health-focused ANT standard also have a foothold.
The...
