SEC Technologies, the inventor of a laser-based technology that can detect substances over large distances, successfully raised €3 million in Series A funding. The company raised this round to work on civilian applications which is potentially even more lucrative than its successful defense arm.
SEC Technologies is a fast-growing defense technology company. While catering primarily to national defense forces, strong demand from the civilian market allowed the company to develop civilian version of their high-tech Falcon 4G laser detector.
"The investment will help us to bring high level of sensitivity and precision of chemical stand-off detection to the civilian market," states the CEO of SEC Technologies Michal Simko.
The Falcon 4G, active stand-off detector developed in Slovakia, uses a pair of eye-safe and undetectable lasers capable of detecting chemicals from the distance of up to 6 kilometers or 3.7 miles and biological threats to the distance of 1,5 kilometers. Compared to the current stand-off detectors on the market it provides up to a hundred times better sensitivity and precision. Big factor of its success is that Falcon 4G brings detection to the environments never thought possible, including high humidity, rain, or any temperature range.
SEC Technologies is currently rapidly building new improved prototypes, testing various enhancements, as well us carrying out military certification trials, adding to the long list of already achieved accreditations that ruggedize the detector. These are enhancing both defense and civilian applications. Paired with the fact that the detector does not need any calibration makes it ideal for tough environments where customers rely on data.
The funding was provided by investment firm Crowdberry and Venture to Future Fund (VFF), fund managing resources from the European Investment Bank, Slovak Investment Holding, and the Ministry of Finance of the Slovak Republic.