About Spectral Engines
Spectral Engines is a company based in Helsinki (Finland) founded in 2014 was acquired by mut in May 2018.. Spectral Engines has raised $2.97 million across 6 funding rounds from investors including European Union, Finnvera and mut. Spectral Engines offers products and services including NIRONE Sensor X, NIRONE Sensor S, NIRONE Scanner, LabScanner, and Liquid Scanner. Spectral Engines operates in a competitive market with competitors including Spectricity, Headwall Photonics, Seek Thermal, Living Optics and HyperSpectral, among others.
- Headquarter Helsinki, Finland
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Spectral Engines Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.97 M (USD)
in 6 rounds
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Latest Funding Round
$2.79 M (USD), Grant
Oct 31, 2017
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Investors
European Union
& 6 more
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Employee Count
Employee Count
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Acquired by
mut
(May 25, 2018)
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Products & Services of Spectral Engines
Spectral Engines offers a comprehensive portfolio of products and services, including NIRONE Sensor X, NIRONE Sensor S, NIRONE Scanner, LabScanner, and Liquid Scanner. 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.
Portable device for accurate material analysis in field applications.
Robust sensor for non-destructive material identification.
Hand-held scanner for quick material verification.
Device for detailed material analysis in lab settings.
Scanner for identifying liquids in various contexts.
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Funding Insights of Spectral Engines
Spectral Engines has successfully raised a total of $2.97M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $2.79 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Grant — $2.8M
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First Round
First Round
(17 Jun 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Grant - Spectral Engines | Valuation |
investors |
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| Sep, 2017 | Amount | Grant - Spectral Engines | Valuation |
investors |
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| Dec, 2016 | Amount | Grant - Spectral Engines | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Spectral Engines
Spectral Engines has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, Finnvera and mut. 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 agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by Inventure.
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Founded Year | Domain | Location |
| Investor | Description | 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 Spectral Engines
| 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 |
Financial Statements - Spectral Engines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Spectral Engines Comparisons
Competitors of Spectral Engines
Spectral Engines 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 Spectricity, Headwall Photonics, Seek Thermal, Living Optics and HyperSpectral, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
CMOS-based hyperspectral imaging solutions are developed for spectral sensing.
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| domain | founded_year | HQ Location |
Remote-sensing and machine vision solutions for industrial inspections are provided.
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| domain | founded_year | HQ Location |
Manufacturer of thermal imaging cameras, cores, and sensor boards for various uses
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| domain | founded_year | HQ Location |
Developers of a hyperspectral imager to capture images beyond the visible spectrum
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| domain | founded_year | HQ Location |
AI-powered real-time detection platform for pathogens
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| domain | founded_year | HQ Location |
Hyper spectral digital imaging sensors
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Spectral Engines
When was Spectral Engines founded?
Spectral Engines was founded in 2014.
Where is Spectral Engines located?
Spectral Engines is headquartered in Helsinki, Finland.
Is Spectral Engines a funded company?
Spectral Engines is a funded company, having raised a total of $2.97M across 6 funding rounds to date. The company's 1st funding round was a Grant of $834.94K, raised on Jun 17, 2014.
What does Spectral Engines do?
Spectral Engines is a Startup from VTT Technical Research Centre of Finland. Spectral Engines manufacturers miniaturized spectral sensors. Typical applications for the devices are moisture measurements in pharmaceutical powders, food content (protein, fat, sugars), gas detection and analysis.
Who are the top competitors of Spectral Engines?
Spectral Engines's top competitors include Headwall Photonics, Living Optics and Spectricity.
What products or services does Spectral Engines offer?
Spectral Engines offers NIRONE Sensor X, NIRONE Sensor S, NIRONE Scanner, LabScanner, and Liquid Scanner.
Who are Spectral Engines's investors?
Spectral Engines has 7 investors. Key investors include European Union, Finnvera, mut, EIC Fund, and VTT Ventures.