The story of Spectricity started in 2018 when it spun off from digital and nanotech research center imec to specialize in a technology called hyperspectral detection. This allows cameras to perceive more than what the naked eye can see. While an ordinary camera detects red, green and blue hues, for example, a hyperspectral camera can spot many more colors or wavelengths.

What’s more, this sensor-based technology has been made so small by Spectricity that it can be integrated into smartphones and smartwatches as well as into vehicles, drones or Internet of Things (IoT) devices.

Spectricity’s innovative tour de force has a broad range of applications. For example, their technology can be used to measure medical parameters such as heart rate, blood oxygen levels and skin hydration.

But it doesn’t end there. The hyperspectral imagers can also be used to match cosmetics with skin color or determine the freshness of food. What’s more, in augmented reality (AR), where the physical world is enriched with digital data, objects can be better detected using the technology.

While Spectricity’s ambitions are great, so are its credentials. The company was founded in 2018 as a spin-off of micro- and nanotech research institute imec, linking it to world-leading expertise.

To further support its ambitious plans, Spectricity completed a Series B capital round. This attracted financing from international investors Atlantic Bridge, Capricorn, Fusion China Fund and Shanghai Semiconductor Equipment and Material Fund (SSEMF), alongside Flanders-based Series A investors imec.xpand and XTRION. As a result of the new capital round, Spectricity’s financing now totals EUR 20 million.

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