Carlow-based Xenon raises €1m for temperature testing device
Summary
Venture capital firm ATW Partners invested €1m in Carlow-based Xenon to support the company as it scales its Fever Defence device. Xenon’s Fever Defence device uses thermal imaging and a facial detection camera to test people’s temperatures when they enter a building or work site. Paddy Byrne, managing director of Xenon Fever Defence, commented: “We are delighted to have secured this investment, which will help us scale our operations across Europe and the US. Employers are moving quickly to put additional safety measures in place to protect their workplaces and their customers against the risk of Covid-19.” Byrne added that the company’s devices have already been installed by companies and organisations across a number of different industries – from construction sites and offices to retail and childcare settings – in Ireland, the US and Europe. “This funding will allow us to expand our reach, and help organisations across the globe in reopening for business as soon and as safely as possible.” Antonio Ruiz-Giménez, managing partner of ATW Partners, added: “The product has excellent market potential and we are looking forward to working with the team to help them advance and scale in Ireland, Europe, the US and beyond.” Xenon is one of many companies that is currently turning its attention to problems posed by the coronavirus pandemic.