Lantha has developed a handheld device that detects solid-state chemicals and is described as faster, cheaper, and easier to use than traditional tools. The sensor targets multiple industries including pharmaceuticals, oil and gas, water, and defense. The device was invented by Simon Humphrey, an associate professor of chemistry at the University of Texas, who serves as Lantha's CTO; Robert Toker is the CEO and chairman. The company plans to use new funding to finalize commercial products, make strategic hires, and expand its intellectual property. Investors and Lantha leadership note the technology's proprietary nature, low capital costs, large addressable markets, rapid product development, and potential for high margins.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2019