Neuranics raises funds for magnetic sensing in human-machine interaction
Neuranics, a human-machine interaction startup, has raised $8 million in seed funding to accelerate global growth and the commercial adoption of its Tunnelling Magnetoresistance (TMR) magnetic sensing technology.
The funding will foster innovation in core technologies and facilitate the widespread integration of the company’s TMR magnetic sensing technology into emerging and high-tech markets, such as XR, wearables, and digital health.
Neuranics’ ultra-sensitive, low-power, and scalable TMR magnetic sensing sensors detect tiny magnetic signals from the human body, enabling precise tracking of muscle activity for gesture recognition and heart signals without skin contact. Compared to traditional methods, the sensors offer improved accuracy, continuous monitoring, and reduced power consumption, making them ideal for next-generation XR hardware and wearables.
Neuranics is 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.
Noel McKenna, CEO of Neuranics, said: “This investment marks a significant step forward as we continue pioneering new applications for magnetic sensing. With the support of our investors, we are expanding our team, advancing our technology, and bringing our solutions closer to widespread adoption.”
Kimberley Hay, Senior Ventures Manager at Blackfinch Ventures, commented, “ The team at Neuranics has shown us that they can not only accurately detect finite movement but do so whilst consuming low power, which clearly opens up a tremendous number of applications across business and industry.”
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.
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