Silveray, a pioneering digital X-ray film (DXF®) technology company, has secured €4.2 million in a seed extension round led by Northern Gritstone. This investment will enable the company to finalise the development of its innovative DXF product, with plans for an industrial launch in 2025. The funding round also saw participation from ACF Investors, Empirical Ventures, Deeptech Labs, and Hamamatsu Ventures.
Silveray’s DXF detectors digitise X-ray imaging at the point of use, offering substantial time and cost savings over traditional radiographic film. Unlike conventional rigid flat panel detectors, Silveray’s flexible technology allows for unparalleled versatility, such as wrapping around pipes or fitting into tight spaces to detect corrosion and weld defects. This innovation is poised to disrupt the analogue X-ray market and enhance radiographic workflows.
The company also envisions expanding its technology into healthcare. Future applications could include flexible mammography detectors that provide more comfortable and precise imaging by eliminating the need for compression.
Backed by strategic investors
Silveray, originally founded at the University of Surrey in 2018, relocated to Greater Manchester in 2022 to leverage the region’s talent and resources. Collaborations with X-ray specialists at the University of Manchester have been instrumental in developing its nanoparticle-based direct conversion detectors.
Duncan Johnson, CEO of Northern Gritstone, commented: “The progress made by the Silveray team since our initial investment in 2023 has been phenomenal. Dan Cathie and his team have developed a novel digital X-ray solution with numerous applications, disrupting the analogue X-ray market. We are delighted to continue our support of Silveray as it builds its commercial traction and progresses toward success.”
Tim Mills, Managing Partner at ACF Investors, added: “Silveray is at the forefront of a new generation of X-ray imaging with the potential to radically improve the safety, accuracy, and cost-effectiveness of the modality. Dan and the team have done an exceptional job developing the company’s flexible high-resolution detectors from concept to product, and we are pleased to back them again as they enter this next growth phase.”
Katsuhiro Kobayashi, CEO of Hamamatsu Ventures, said: “Silveray’s novel nanoparticle-based direct X-ray conversion material could completely disrupt X-ray imaging markets. We look forward to our strategic collaboration with Silveray and sharing our industry expertise to accelerate their growth.”
Commercialisation and growth plans
Silveray aims to digitise radiographic film, eliminating the inefficiencies of exposing, developing, and storing traditional X-ray film. With the new funding, the company will prepare for its industrial product launch in 2025, targeting revenue generation within the year. Early customer engagement in industrial sectors positions Silveray for robust market adoption.
CEO Dan Cathie noted: “Silveray’s initial goal is to digitise radiographic film, enabling radiographers to move beyond outdated workflows. Northern Gritstone’s investment will help us achieve revenue generation in 2025 and continue to innovate in the X-ray imaging space.”
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发布者：Antonio L. Escarzaga，转转请注明出处：https://robotalks.cn/manchester-based-silveray-raises-e4-2-million-to-launch-digital-x-ray-film-technology/
