PARIS French startup Neosens, specializing in the development of physico-chemical sensors in microsystems technologies, announced it has raised 2.5 million euros ($3.8 million) in a capital financing round led by Sofinnova Partners, Capricorn Cleantech Fund and GALIA Gestion. Existing investors ICSO Private Equity and IRDI renewed their confidence in Neosens.
Neosens (Toulouse, France) explains that the funds will help finance its development and growth, specifying that the accent will be placed on sales, marketing and R&D initiatives. The startup company aims to expand its current line of sensors, develop its OEM integration activities and add measurement techniques to its technology platform.
Neosens was founded in 2001 by Laurent Auret after conducting trials on the use of MEMS for sensor applications at the ELTA-AREVA group, in collaboration with the LAAS-CNRS (Laboratory for Analysis and Architecture of Systems).
With competencies in electro-chemistry, Neosens develops and markets a range of innovative sensor solutions based on MEMS technology, including in-situ sensors used to measure dissolved oxygen levels in real-time, and sensors that continuously monitor biofilm and scale formation in heat exchangers and process piping.