Scottish startup Neuranics secures $8M to accelerate development of magnetic sensing technology, enabling touch-free, low-power control in wearables, XR, and health tech.
A New Era of Interaction: Touch-Free, Low-Power Control in Wearables, XR, and Health Tech
Imagine interacting with your digital devices using nothing more than a flick of your finger or a subtle muscle twitch—without ever touching a screen. That’s the vision being realized by Neuranics, a Scottish deep tech startup that just raised $8 million in seed funding to commercialize its next-generation magnetic sensing technology.
From University Labs to Global Innovation
Founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh, Neuranics has quickly moved from academic research to real-world innovation. Its core focus is Tunnelling Magnetoresistance (TMR)—a highly sensitive method of detecting the body’s tiny magnetic signals. The company’s sensors can pick up heartbeats or muscle movements without even needing to touch the skin.
Thanks to this technology, devices in the near future could offer gesture-based control, real-time health monitoring, and more—all with greater accuracy and lower power use than current solutions.
Backed by Big Names and Big Visions
The $8 million investment round was led by Blackfinch Ventures, with key support from Archangels, Par Equity, the University of Glasgow, and Old College Capital—the University of Edinburgh’s investment arm. The funding will be used to expand Neuranics’ team, fast-track product development, and prepare for large-scale integration in industries like XR (extended reality), wearable tech, and digital healthcare.
“This investment marks a significant step forward as we continue pioneering new applications for magnetic sensing,” said Noel McKenna, CEO of Neuranics. “With the support of our investors, we are expanding our team, advancing our technology, and bringing our solutions closer to widespread adoption.”
Investors See a Bright Future
Neuranics’ promise isn’t just theoretical. It recently earned a CES Innovation Award—one of the highest honors in the consumer electronics world.
“The team at Neuranics have 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,” said Kimberley Hay, Senior Ventures Manager at Blackfinch Ventures. “Neuranics have an exciting market for their technology and we look forward to working with the team.”
Echoing this excitement, Oliver Johnston-Watt of Par Equity said, “They are a fantastic representative of the world-class deep tech innovation emerging from Scotland’s universities, and we’re excited to help them continue to scale globally.”
Sarah Hardy, Director and Head of New Investments at Archangels, added, “We look forward to supporting Neuranics as it seeks to capitalise on its leading-edge magnetic sensing solution. The company’s high-calibre team and experienced leadership provide an excellent foundation upon which to scale the business.”
What’s Next for Neuranics?
Neuranics is already working with top-tier semiconductor and XR companies to validate its technology and prepare for high-volume production. By refining its TMR-based sensors and building partnerships, the company aims to unlock a world where interacting with machines is effortless and intuitive.
Whether it’s enabling hands-free gaming, invisible health trackers, or smarter industrial systems, Neuranics is poised to play a central role in the future of human-machine interaction.
And with $8 million now in its pocket, that future might be closer than we think.
