Pyreos, an Edinburgh, Scotland, UK-based passive infrared sensor developer and maker, secured £1.7m in funding.
Backers included a syndicate of new investors led by Jon Moulton’s family office, Perscitus, alongside existing shareholders Seraphim Capital, London Business Angels, Robert Bosch Venture Capital GmbH, the Scottish Investment Bank (the investment arm of Scottish Enterprise), and Siemens Technology Accelerator.
This latest investment brings the total raised by Pyreos since 2015 to almost £7m.
The company intends to use the funds for further commercial expansion.
Pyreos is a supplier of thin film pyroelectric sensors primarily used for gas and flame sensing, food safety, and for monitoring oil and fuel in engines.
The company’s technology was originally developed by Siemens, from which Pyreos was spun out in 2007.
FinSMEs
09/01/2018