Estonian deeptech GScan raises €3M in a seed funding round

GScan, a Tallinn and London-based deeptech startup, has raised a fresh €3 million seed investment round to advance its ray muon tomography. New investors include Bolt-founder Markus Villig and Japanese corporate venture funds. The startup told AIN the details.

About Gscan

• Founded in 2018, GScan provides muon tomography or muography, a technique that uses cosmic ray muons (μ) to generate two or three-dimensional images of volumes using information contained in the Coulomb scattering of the muons. In simple words, GScan’s technology allows to “see inside” objects made of concrete, steel, and composite materials, even if these objects are tens of meters large.
• Currently, GScan works on a maiden project with the UK National Highways, AtkinsRealis, and Jacobs, assessing the integrity of steel components inside a post-tensioned concrete bridge. In partnerships with academic institutions – including Imperial College London, the University of Sheffield, CERN, and the European Space Agency – GScan explores further applications of the technology in areas such as defense, national security, healthcare, and space.

• The company employs over 35 staff members. According to GScan, in its first major commercial project, it scanned through 10 meters of concrete and steel for details of two Soviet-era nuclear submarine reactors in Paldiski, Estonia.

We have also launched the SilentBorder initiative to use myon tomography in finding for example narcotics and other contraband inside shipping containers without manual inspection. The advantage of myon tomography over x-rays is also that there is no harmful radiation,

Marek Helm, CEO of Gscan, said.

• The fresh investment was co-led by Bolt-founder Markus Villig, undisclosed Japanese corporate venture funds, as well as several business angels.

GScan will use the seed funding to advance the technology in order to enhance the performance of its cosmic ray muon tomography.