Neuranics, a Glasgow UK-based startup specializing in sensor technology, has successfully raised $2.3 million in funding. This round was led by Par Equity, with notable participation from GU Holdings, Old College Capital, and Creator Fund. The infusion of funds will play a pivotal role in expanding Neuranics' operations and extending its business reach. Founded in 2021 as a joint spinout from the University of Glasgow and the University of Edinburgh by Kia Nazarpour (CSO), Hadi Heidari (CTO), and Noel McKenna (CEO), Neuranics is dedicated to developing magnetic sensors integrated with semiconductor technology primarily for health, fitness, and metaverse applications. Their patented technology harnesses scalable spintronics sensors powered by semiconductors to detect minuscule magnetic signals from organs in the body, presenting a potential transformation in health monitoring devices and human-machine interfaces. The company's magnetocardiography (MCG) sensors offer a more user-friendly experience compared to traditional electrocardiography (ECG) sensors. In human-machine interface applications, the magnetomyography (MMG) sensing system can estimate single finger movements by detecting the magnetic activity of forearm muscles. These innovative sensors address latency issues when controlling robotic hands or interacting with virtual objects in the metaverse.