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Ultra‐low power consumption infrared sensor company Pyreos secures $4m investment


Edinburgh Scotland, 1 November 2013: Pyreos Limited, an emerging leader in ultra‐low power

consumption infrared sensor technology for consumer, industrial and environmental sensor

products today announced plans for international expansion having secured a further funding round

of $4m. The investment was led by Robert Bosch Venture Capital GmbH, Seraphim Capital, Siemens

Technology Accelerator and the Scottish Investment Bank (SIB), the investment arm of Scottish

Enterprise.

Pyreos’ pioneering ultra‐low power consumption infrared sensors are making strong inroads into the

global smartphone and tablet markets. Their recently launched gesture and proximity sensor

products use just micro‐watts of power making them several orders of magnitude more energy

efficient than competing technologies. This can enable advanced features like ‘always‐on’ gesture

which has opened a myriad of applications to app developers for mobile devices. In addition, the

sensor enables applications such as long range gesture, presence detection and wake‐up functions

for other consumer markets including PC, TV, Docking Stations, Tablet devices and Smart Energy,

which have attracted significant customer traction.

Supporting the continued success in consumer electronics, the Pyreos technology has established

itself as a leader in the industrial gas and flames sensor market and it has a significant position in the

emerging portable handheld spectroscopy market. Pyreos’ small, battery‐powered device provides

rapid, accurate analysis of solids or liquids wherever and whenever required. This removes the wait

for expensive lab‐based analysis and enables instant onsite results. The company has traction in a

broad range of end markets including the dairy, winery and lubricant industries as well as a number

of open discussions with OEM partners for delivery of dedicated and customized solutions.

Claus Schmidt, Managing Director of Robert Bosch Venture Capital GmbH commented:

“We are excited to support Pyreos to exploit existing and future licensing opportunities.

Reducing power consumption by the magnitude achieved by Pyreos creates massive

potential in mobile and handheld applications across both consumer and industrial markets.

The new investment will fund growth in the team to enlarge its already established

international customer base.”

‐ ‐ ‐ ‐ ‐ ‐

Pyreos Limited:

Scott Freeborn, scott.freeborn@pyreos.com 0131 650 7009

Ann Simon, ann.simon@pyreos.com

‐ ‐ ‐ ‐ ‐ ‐

About Pyreos

Pyreos Limited, a technology spin‐out from Siemens, has over 100 patents and applications

protecting its unique thin film pyroelectric infrared sensor technology. The company’s high

performance MEMs‐based sensors enable a diverse range of innovative new products in consumer

electronics, industrial and environmental settings. Applications include gesture sensors, oil sensors

for wind‐turbine monitoring, laser measurement sensors as well as gas sensors and energy efficiency

products. . Pyreos’ recently launched gesture and proximity sensor products use just micro‐watts of

power making them several orders of magnitude more energy efficient than competing

technologies. Pyreos operates its own cleanroom product development, pilot production and test

facilities as well as having high‐volume ISO qualified manufacturing partners to support its global

customer base. Founded in 2007 with the help of Siemens Technology Accelerator, Braveheart and

Scottish Enterprise, the Company has built up an international investor base including Siemens,

Seraphim, Robert Bosch VC and Mitsubishi‐UFJ of Japan. Pyreos is headquartered in Edinburgh,

United Kingdom. For more information about Pyreos please visit our website at www.pyreos.com.

About Seraphim Capital

Seraphim is a UK‐based venture capital fund that invests in companies with highly scaleable,

disruptive technology that are addressing large global markets. Seraphim invests across all sectors

and all stages. The fund is backed by a consortium of business angel networks and corporate

venturers from across the UK and the US. The consortium includes Europe’s largest early stage

venture investor Capital for Enterprise as well as the leading angel networks from across the UK and

the US. For more information: www.seraphimcapital.co.uk.

About Robert Bosch Venture Capital GmbH

Robert Bosch Venture Capital GmbH invests worldwide in innovative start‐up companies at all stages of

their development. Its investment activities focus on technology companies working in areas of business

of current and future relevance for Bosch, above all automation and control, energy and environment,

enabling technologies and healthcare. Robert Bosch Venture Capital GmbH also invests in services/

business models as well as new materials that are relevant to the above‐mentioned areas of business.

For more information, visit www.bosch.com and www.rbvc.com.

About Siemens Technology Accelerator

Siemens Technology Accelerator (STA) is a corporate venturing activity of Siemens AG with the focus on

external commercialisation of innovative technologies outside of Siemens’ business areas.

About Scottish Investment Bank

The Scottish Investment Bank is the investment arm of Scottish Enterprise, operating Scotland‐wide

in partnership with Highlands and Islands Enterprise. It manages a suite of funds including the

Scottish Seed Fund; the Scottish Co‐investment Fund and the Scottish Venture Fund, which are

partly funded by the European Regional Development Fund (ERDF); the Scottish Plastics Loan Fund

and the Renewable Energy Investment Fund. SIB is also the cornerstone investor in the privatelymanaged

Scottish Loan Fund and an investor in the Rock Spring Ventures Life Sciences Fund. These

support Scotland’s SME funding market to ensure businesses with growth and export potential have

adequate access to capital. SIB also provides a team of financial readiness specialists to help

companies prepare for new investment and more easily access finance.


Publisher Contact Information:

Pyreos
0131 650 7009
scott.freeborn@pyreos.com

Company profile of Pyreos
Past press releases of Pyreos.

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