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Nanusens starts Series A funding round with AI pitch

Nanusens starts Series A funding round with AI pitch

Business news |
By Nick Flaherty

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UK MEMS sensor startup Nanusens is starting its Series A funding round, highlighting the advantage of integrating a MEMS sensor into the on-chip AI controller.

The CMOS MEMS and passivation technology developed by Nanusens allows the sensor to be built directly within the control chip of a device to reduce the footprint.

This also allows different sensors to be built into a chip to make much smarter devices and free up space for more features and larger batteries. The on-chip sensing also reduces the power losses to boost the battery life.

The company has previously said it was looking to raise $10m on a $40m valuation on the back of key patents and proof of concept devices.

“Being able to include as many sensors as is required within a chip for almost no size or cost penalty is going to revolutionise the design of a whole new generation of smarter AIoT devices,” said Josep Montanyà,  CEO of Nanusens in Paignton, Devon. It has Research and Development offices in Barcelona, Spain and Shenzen, China, having moved to the UK to take advantage of crowdfunding opportunities. It builds on research and expertise by the founders’ previous company, Baolab Microsystems, and has R&D in Spain and Shenzhen, China.

“Until now, IoT has never been able to take off as predicted because the costs of sensors were too great, the size too large, the power consumption too high and the production volumes too constrained. We are the only company to have solved not just one of these barriers but all four by at least an order of magnitude for each one,” said Montanyà.

“We enable masses of sensors to be deployed for almost nothing to gather the real world analog data into the IoT network that AI needs to be effective. This is a vital role that will enable the potential of AIoT to be realised. And, naturally, we are building an extensive patent portfolio to protect our unique technology that will empower the AI and IoT revolution that is AIoT.”

Nanusens has one license agreement and several other deals are in the pipeline, says Montanyà.

The company is VC funded by Inveready,  Caixa Capital Risc and Dieco Capital and several, ultra-high net worth investors including new chair, Dr Graham Hine.

www.nanusens.com

 

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