Neuranics develops ultra-sensitive, low-power, and scalable Tunnelling Magnetoresistance (TMR) magnetic sensors and associated custom circuitry and software to detect tiny magnetic signals from the human body without skin contact. Its sensors enable precise tracking of muscle activity for gesture recognition and detection of heart signals, targeting XR, wearables, and digital health applications. The company claims improved accuracy, reduced power consumption, and potential for continuous monitoring versus traditional methods. Neuranics is collaborating with Tier‑1 semiconductor and XR manufacturers to validate performance and production readiness for high-volume applications across consumer, industrial, and healthcare markets. Founded in 2021 as the first joint spinout from the University of Glasgow and the University of Edinburgh, the company has received recognition including a CES Innovation Award. With new funding, Neuranics plans to expand its team, accelerate core technology innovation, and drive integration of its TMR technology into emerging and high-tech markets. Neuranics is a Glasgow-based deep-tech spin-out from the Universities of Glasgow and Edinburgh that develops compact patented magnetic sensors and magnetomyography (MMG) technology for wearable wristbands. The company combines MMG with machine learning to detect muscle activity and interpret precise gestures. Initially it is targeting extended reality (XR) applications, with potential future use in healthcare, sports, gaming, and assistive technologies. Neuranics said an 18-month £2.4 million project, supported by an £800,000 grant from Scottish Enterprise, will fund R&D and create ten high-tech jobs at its Glasgow headquarters. The funding will support development of a compact wristband aimed at improving accuracy and comfort over existing gesture-recognition solutions. The company recently won a £125,000 fellowship grant from the Royal Commission for the Exhibition of 1851 and was awarded Deep Tech Investment of the Year at the UK Angel Investment Awards. Neuranics is a Glasgow-based sensor specialist founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh. The company develops magnetic sensors integrated with semiconductor technology using scalable spintronics sensors to detect tiny magnetic signals from organs such as the heart and muscles. Its patented technology is intended to address shortcomings in current health monitoring devices and human-machine interfaces. Neuranics’ magnetocardiography (MCG) sensors are described as easier to use than traditional electrocardiography (ECG) sensors, and its magnetomyography (MMG) system can estimate single finger movements by detecting magnetic activity in the forearm muscles. The sensors are said to improve latency when controlling robotic hands or interacting with virtual objects in the metaverse. The company raised £1.9M and intends to use the funds to expand operations and its business reach. The founders are Kia Nazarpour (CSO), Hadi Heidari (CTO), and Noel McKenna (CEO).

Total raised

$11M

Funding rounds

3

Latest round

Seed

Latest activity

Apr 2025