English

Mirico successfully raised $2 million with unique laser dispersion spectroscopy technology

1063
2024-06-28 13:47:39
See translation

In the field of high-performance gas sensing intelligence, Mirico stands out with its unique laser dispersive spectroscopy (LDS) technology, successfully raising $2 million in the latest round of financing.

Recently, Mirico announced this good news. This financing is led by Shell Ventures and New Climate Ventures, with support from the UK Innovation and Science Seed Fund (UKI2S) and other existing and new investors. This funding will help Mirico accelerate the development of its laser based sensing and data analysis platform, and drive the company's commercial expansion in regions such as the United States and Canada.

Mirico CEO Bob Flint expressed great enthusiasm for this financing: "We are honored to be able to obtain this financing, which will greatly accelerate our pace of providing customers with effective monitoring and management of emissions tools to address climate change and support global energy transition. I would like to express my heartfelt gratitude to all investors for not only providing us with financial support, but also providing us with great help in advice and networking. Driven by initiatives such as the United Nations Global Methane Commitment and the US Methane Reduction Plan, we will usher in broader market opportunities, especially in Canada and the Americas, where the energy industry is experiencing an investment boom in solving methane problems."

Jon Greene, the investment manager of New Climate Ventures, also expressed high expectations for Mirico's prospects: "We are pleased to continue deepening our cooperation with Mirico. We are engaged in long-term investment and understand that success requires unremitting efforts, dedication, and firm perseverance. Mirico is such an excellent case, and we look forward to working together with them to enter the next stage of development."

Shruti Iyengar, the investment manager of UKI2S (managed by Future Planet Capital), also emphasized the importance of Mirico technology: "In the context of a severe global average temperature rise of 1.5 ° C, solving methane emissions has become an urgent task. Mirico's unique technology can truly help various industries reduce emissions and become a trusted partner for enterprises looking to reduce operational carbon emissions.". As one of Mirico's early investors, we are delighted to continue supporting them and have confidence in their solutions and team.

With this financing, Mirico will better support initiatives such as the United Nations Global Methane Commitment and the United States Methane Reduction Plan, which aim to drive global action to reduce methane emissions by at least 30% from 2020 levels by 2030, laying a solid foundation for achieving the goal of 1.5 ° C.

Source: OFweek

Related Recommendations
  • Assisting Gas Mixing to Promote the Development of Fiber Laser Technology

    Just ten years ago, fiber laser cutting machines were considered experts in thin plates. The stores quickly realized that they had to invest in them to compete, at least by reducing their instrument materials. For high-quality sheet metal cutting, CO2 laser is still the way to go. Of course, fiber lasers can cut thicker blanks, but the quality is not very good, and their speed advantage almost dis...

    2024-01-11
    See translation
  • The scientific research team has proposed a modeless Raman fiber laser using a traditional resonant cavity structure

    The pump source, gain material, and resonant cavity are the three elements that make up a laser. Due to the selective effect of the resonant cavity on the lasing frequency, multi longitudinal mode operation is one of the characteristics of fiber lasers based on traditional resonant cavity structures, manifested as periodic beat peaks in the radio frequency (RF) spectrum and periodic fluctuations i...

    2023-08-15
    See translation
  • E&R Engineering launches a mold cutting solution at Semicon SEA 2024

    Advanced laser and plasma solution provider E&R Engineering Corp. has confirmed that they will participate in the Semiconductor SEA 2024 event held in Kuala Lumpur, Malaysia. With 30 years of focus in the semiconductor industry, E&R has developed a wide range of plasma and laser technologies. At Semicon SEA 2024, they will showcase their latest solutions, including:Plasma Cutting - Small M...

    2024-05-20
    See translation
  • Swedish KTH develops 3D printed quartz glass micro optical devices on optical fibers

    In what has been described as the "first communication", Swedish researchers conducted 3D printed quartz glass micro optical devices on the tip of optical fibers. They said that this progress could lead to faster Internet and better connectivity, as well as innovations such as smaller sensors and imaging systems.Scientists from the KTH Royal Institute of Technology in Stockholm have stated that co...

    2024-05-23
    See translation
  • Alliance unit Hongshan Laser has released multiple "heavyweight" new products such as heavy-duty pipe cutting machines, ushering in the era of "laser+"

    On September 19th, Hongshan Laser made a stunning appearance at the Shanghai Industrial Expo with multiple flagship products. Among them, the "4+1" fully free heavy-duty groove laser pipe cutting machine TL730S, the 6G fully direct drive laser cutting machine G4020V, and the flagship drilling and attacking integrated laser composite pipe cutting machine TP65SD, represented by three new products, v...

    2023-09-21
    See translation