Observed Signal · Oct 29, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 1/5 · Sentiment: Positive
MuRay raises €7.1M for muon imaging technology
Hamburg-based deeptech company MuRay has raised €7.1 million to further develop its Active Muon Imaging technology for industrial applications. The funding includes a €3.5 million private investment round led by First Momentum Ventures and co-led by Caelora, a Marvel Fusion subsidiary, with participation from Superangel, Mätch VC, Arcas VC, and Tiny VC, plus existing investor Nordic Science Investments. Additionally, MuRay received €3.6 million in non-dilutive public funding, including a Horizon Europe grant. The technology uses controlled muon beams to generate high-resolution 3D images of dense materials, enabling faster inspection of safety-critical components like 3D-printed rocket engines and gas turbine parts, where X-rays fall short. MuRay plans to launch its first imaging service in 2027 and a full-scale system by 2029.
The funding round for a deeptech startup outside the core AdTech/MarTech space is of low relevance to the advertising technology industry.
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Key Takeaways & Evidence Grounding
- MuRay raised €7.1 million in total funding.
- Funding includes €3.5 million equity round led by First Momentum Ventures and co-led by Caelora.
- €3.6 million came from non-dilutive public funding, including a Horizon Europe grant.
- Company plans to launch first imaging service in 2027 and full-scale system by 2029.
- Technology uses controlled muon beams for 3D imaging of dense materials.
Connected Companies & Entities
“Other participants include Superangel, Mätch VC, Arcas VC and Tiny VC.”
Ontology Mapping & Concepts
Related Market Signals & Shifts
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