Estonia’s deep tech GScan raises €1.4M in seed

The Tallinn-based startup GScan has raised a €1.4 million seed investment. The company develops atmospheric ray 3D scanners for security and cargo scanning, Tech.eu reports.

• Founded in 2018 by Andi Hektor and Hannes Plinte, GScan differs from X-ray equipment by being fully automated and safe. Also, the hardware can identify illegal materials, like explosives, nuclear material, narcotics, and even people.
• Three investors led this round, including the Amalfi Capital fund, the capital-based Hansa Grupp, and the Sillever OÜ investment firm.

“The increased concerns on safety and smuggling have led us to focus on creating a safer future. Our technology can be used to see through packages, vehicles, and containers. We can inspect buildings and bridges to make sure their structure is safe and durable,”

Andi Hektor, GScan co-founder, speaks about the startup.

• Earlier in 2022, the startup received a €1.5 million grant from Enterprise Estonia. After the current round, GScan is valued at more than €18 million.
• The new funding will enable the startup to complete the development and deliver its first industry prototypes by autumn 2022.