Material analysis sensor firm raises €8 million

May 31, 2021 // By Peter Clarke
Material analysis sensor firm raises €8 million
Senorics GmbH (Dresden, Germany), a developer of near-infrared spectroscopic material sensor ICs has raised €8 million in pre-Series A funding.

The company was founded in 2017 by CEO Ronny Timmreck and is a spin-off from the U niversity of Technology Dresden. The technology uses near-infrared light and using the algorithms developed by Senorics, the content of a sample can be identified by the wavelengths of the reflected light .

The technology allows the contents of liquids and solids, such as food, agricultural products, synthetics, textiles, and pharmaceuticals to be analysed and quantified. It is suitable for use in home appliances and mobile electronics.

Senorics raised an initial sum of €2.3 million in 2018 and in January 2021 was awarded €2 million in funds by the German Ministry of Economics to fund a pilot line for sensor production. Senorics said the latest sum raised would used to scale the technology for the industrial market.

The established investors – Ventura Investment, the Technologie Gründerfonds Sachsen (TGFS) and the TU DresdenAktiengesellschaft (TUDAG) – were joined by Fidura Private Equity as lead investor and Zeiss Ventures.

Currently Senorics is working on the setup of the pilot line, which will be ready before the summer.

Related links and articles:

www.senorics.com

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