About Detection Technology
Detection Technology is a company based in Oulu (Finland) founded in 2015.. The company has 487 employees as of December 31, 2024. Detection Technology has completed 1 acquisition, including Haobo Imaging. Detection Technology offers products and services including X-ACE 16, X-ACE 16 HD, X-ACE 32, Aurora CT, and X-Scan D. Detection Technology operates in a competitive market with competitors including Viken Detection, Scan Tech IBS, Sens-Tech, VMI Security and Evolve, among others.
- Headquarter Oulu, Finland
- Employees 487 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Detection Technology Oy
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Annual Revenue
$111.69 M (USD)3.58as on Dec 31, 2024
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Net Profit
$11.54 M (USD)101.97as on Dec 31, 2024
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EBITDA
$17.62 M (USD)44.16as on Dec 31, 2024
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Latest Funding Round
$719.72 K (USD), Grant
Sep 01, 2021
- Investors
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Employee Count
487
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Detection Technology
Detection Technology is a publicly listed company on the OMXHEX with ticker symbol DETEC in Finland, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Detection Technology
Detection Technology offers a comprehensive portfolio of products and services, including X-ACE 16, X-ACE 16 HD, X-ACE 32, Aurora CT, and X-Scan D. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Standard detector solution optimized for medical CT imaging systems.
High-definition detector subsystem for value medical CT imaging.
Detector solution for mainstream medical CT imaging needs.
Plug-and-play subsystem for speeding up security CT systems.
Line camera for efficient cargo and vehicle screening.
Photon-counting line camera for multi-energy industrial scanning.
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Funding Insights of Detection Technology
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $719,720
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First Round
First Round
(01 Jun 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2021 | Amount | Grant - Detection Technology | Valuation |
investors |
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| Jun, 2019 | Amount | Grant - Detection Technology | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Detection Technology
Detection Technology has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Detection Technology
Detection Technology has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Haobo Imaging. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Developer and producer of x-ray flat panel detectors
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Detection Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Detection Technology Comparisons
Competitors of Detection Technology
Detection Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Viken Detection, Scan Tech IBS, Sens-Tech, VMI Security and Evolve, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Vehicle forensic solutions are provided for public safety management.
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Develops AI systems for security screening in aviation and defense sectors.
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| domain | founded_year | HQ Location |
X-ray imaging equipment and light detector modules are supplied.
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| domain | founded_year | HQ Location |
Manufactures X-ray equipment for inspecting people, vehicles, and cargo worldwide.
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| domain | founded_year | HQ Location |
A mental health platform focused on inclusivity and wellness is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Detection Technology
Frequently Asked Questions about Detection Technology
When was Detection Technology founded?
Detection Technology was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Detection Technology located?
Detection Technology is headquartered in Oulu, Finland. It is registered at Oulu, North Ostrobothnia, Finland.
How many employees does Detection Technology have?
As of Dec 31, 2024, the latest employee count at Detection Technology is 487.
What is the annual revenue of Detection Technology?
Annual revenue of Detection Technology is $111.69M as on Dec 31, 2024.
What does Detection Technology do?
Detection Technology was founded in 2015 in Oulu, Finland, within the imaging technology sector. X-ray detector subsystems, detectors, components, and photodiodes are provided for medical, security, and industrial uses. Operations center on delivering imaging solutions that support security protocols and broader applications. The company maintains a focus on component integration for reliable performance across these domains.
Who are the top competitors of Detection Technology?
Detection Technology's top competitors include Viken Detection, Evolve and Videray.
What products or services does Detection Technology offer?
Detection Technology offers X-ACE 16, X-ACE 16 HD, X-ACE 32, Aurora CT, and 2 more products and services.
Is Detection Technology publicly traded?
Yes, Detection Technology is publicly traded on OMXHEX under the ticker symbol DETEC.
How many acquisitions has Detection Technology made?
Detection Technology has made 1 acquisition, including Haobo Imaging.
Who are Detection Technology's investors?
Detection Technology has 1 investor. Key investors include European Union.
What is Detection Technology's ticker symbol?
The ticker symbol of Detection Technology is DETEC on OMXHEX.
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