Deep Detection Closes €1M Funding Round
Summary
Deep Detection, a Barcelona, Spain-based IFAE technology spin-out that builds multi-spectral X-ray cameras for quality control and product safety in manufacturing, finding materials like low density plastics in food and drinks, raised €1m in funding. The round was led by Vigo Ventures with participation from Tech Transfer Agrifood, managed by Clave Capital, and ESOM. The company intends to use the funds to accelerate industrialisation of PhotonAI technology in key market sectors, starting with food and beverage in 2022. First commercial sales are anticipated in 2022 after completing a series of industrial PoCs with international corporations to validate the technology in each market sector. The company is a a member of The Collider, the tech accelerator of Mobile World Capital Barcelona.