Neuranics, an award-winning Scottish deep-tech semiconductor company pioneering the future of human-machine interaction, has raised £6 million in seed funding to accelerate global growth and the commercial adoption of its Tunnelling Magnetoresistance (TMR) magnetic sensing technology.
The investment round was led by Blackfinch Ventures, with participation from Archangels, and continued support from Par Equity, the University of Glasgow, and Old College Capital, the University of Edinburgh’s venture investment fund.
The funding will drive the company’s next phase—strengthening its team, accelerating innovation across core technologies, and enabling widespread integration of its TMR technology into emerging and high-tech markets, including XR, wearables, and digital health.
Neuranics’ ultra-sensitive, low-power, and scalable sensors detect tiny magnetic signals from the human body, enabling precise tracking of muscle activity for gesture recognition and heart signals—all without skin contact. Compared to traditional methods, Neuranics’ magnetic sensing technology offers improved accuracy, reduced power consumption, and the potential for continuous monitoring. These advantages position Neuranics’ technology as a breakthrough for next-generation XR hardware and wearable technology.
Neuranics is actively collaborating with world-leading Tier-1 semiconductor and XR manufacturers to demonstrate its value in validating performance and production readiness for scaling into high-volume applications across consumer, industrial, and healthcare markets.
Founded in 2021 as the first-ever joint spinout from the University of Glasgow and the University of Edinburgh, Neuranics has quickly established itself at the forefront of magnetic sensing innovation. The company was recently recognised with a CES Innovation Award, one of the tech industry's most prestigious global honours. With this latest funding, Neuranics will continue to refine its technology and strengthen collaborations with global partners in the XR and semiconductor sectors.
