Singapore-based thermal imaging sensors maker Meridian Innovation has raised $12.5 million in a new funding round, per an announcement.
New investors, including Hong Kong Science and Technology Parks Corporation (HKSTP), Taiwan Cooperating Venture Capital (TCVC), and Moveon, backed the round. Return backers SEEDS Capital, Creative Technology Ltd, and PlanetSpark also participated. The proceeds will enable Meridian Innovation to scale up operations, accelerate product development, and expand its reach.
With this round, the company’s total investment has reached over $30 million.
Meridian Innovation develops advanced complementary metal-oxide-semiconductor (CMOS) thermal imaging solutions for commercial and consumer applications to enable safer and better living.
“With the support of our strategic partners and investors, we are poised to scale production, bring innovative solutions to market, and unlock new possibilities in consumer and commercial applications. Our CMOS-based approach gives us a clear advantage in delivering cost-effective thermal imaging sensors at scale, making thermal imaging more accessible than ever,” said Hock Leow, CEO and co-founder of Meridian Innovation in a statement.
“As an early investor, SEEDS has been part of Meridian’s remarkable journey in developing its groundbreaking CMOS-based thermal imaging technology and is proud to support the commercialisation of its products,” stated Kaixin Tan, General Manager of SEEDS Capital.
Meridian has operations in Hong Kong, the US and the UK.
Over the last few years, Meridian has shipped its products to many customers across numerous market segments, including IoT devices, smart appliances, in-cabin automotive monitoring, AI-assisted baby monitoring and elderly care, security and safety products, and portable thermography instruments.
