About Xnovo Technology
Xnovo Technology is a company based in Copenhagen (Denmark) founded in 2012 by Erik Mejdal Lauridsen was acquired by Raith in November 2024. Xnovo Technology has raised $591.75 thousand across 8 funding rounds from investors including European Union, Raith and Innovayt. The company has 25 employees as of November 30, 2024. Xnovo Technology offers products and services including GrainMapper3D and FiberScanner3D. Xnovo Technology operates in a competitive market with competitors including Sympatec, ATOMNAUT and Vision Material, among others.
- Headquarter Copenhagen, Denmark
- Employees 25 as on 30 Nov, 2024
- Founders Erik Mejdal Lauridsen
- Stage Minicorn
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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 Xnovo Technology Aps
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Annual Revenue
Not available
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Net Profit
$505.11 K (USD)33as on Dec 31, 2022
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EBITDA
$550.15 K (USD)26as on Dec 31, 2022
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Total Equity Funding
$591.75 K (USD)
in 8 rounds
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Latest Funding Round
$51.13 K (USD), Grant
Jul 31, 2022
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Investors
European Union
& 3 more
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Employee Count
25
as on Nov 30, 2024
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Acquired by
Raith
(Nov 21, 2024)
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Products & Services of Xnovo Technology
Xnovo Technology offers a comprehensive portfolio of products and services, including GrainMapper3D and FiberScanner3D.
Software for 3D grain mapping and crystallographic analysis
Lab-based solution for tensor tomography in materials
Funding Insights of Xnovo Technology
Xnovo Technology has successfully raised a total of $591.75K across 8 strategic funding rounds. The most recent funding activity was a Grant round of $51.13 thousand completed in July 2022. 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.
Investors in Xnovo Technology
Xnovo Technology has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Raith and Innovayt.
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Government agency and accelerator focusing on innovative startups and SMEs
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Sector-agnostic startups are accelerated by venture capital-backed program.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Xnovo Technology
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Investments & Acquisitions by Xnovo Technology
Investment portfolio details for Xnovo Technology
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Financial Statements - Xnovo Technology
Detailed financials for Xnovo Technology
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Xnovo Technology Comparisons
Peer comparison for Xnovo Technology
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Competitors of Xnovo Technology
Xnovo 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 Sympatec, ATOMNAUT and Vision Material, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Instruments for monitoring particle sizes and shapes are provided.
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Three-dimensional atomic positions are imaged and analyzed using specialized microscopy.
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Provides advanced image analysis software solutions for metallurgical applications.
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Detailed competitors of Xnovo Technology
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Latest news on Xnovo Technology
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Frequently Asked Questions about Xnovo Technology
Xnovo Technology was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Xnovo Technology is headquartered in Copenhagen, Denmark.
Erik Mejdal Lauridsen is the current CEO of Xnovo Technology. They have also founded this company.
Xnovo Technology is a funded company, having raised a total of $591.75K across 8 funding rounds to date.
As of Nov 30, 2024, the latest employee count at Xnovo Technology is 25.
Xnovo Technology provides analysis and 3D visualization of crystalline materials for engineers and scientists to understand material failure and optimize the strength of materials. The 3D Crystallographic software GrainMapper3D enables diffraction contrast tomography (DCT) on a laboratory setup using ZEISS Xradia 520 Versa X-ray Microscope. The steps include data collection (mount sample in Microscope equipped with DCTScan), processing (load acquired data into the software) and validation (3D image of the material grain structure).
Xnovo Technology's top competitors include ATOMNAUT, Sympatec and Vision Material.
Xnovo Technology offers GrainMapper3D and FiberScanner3D.
Xnovo Technology has 4 investors. Key investors include European Union, Raith, Innovayt, and EIC Fund.
The valuation of Xnovo Technology is $1.83M as of Dec 2019.