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Meridian Innovation Secures $12.5M to Accelerate Growth

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SINGAPORE, Oct. 14, 2024 — Meridian Innovation Pte Ltd, a developer of thermal imaging sensors, has raised $12.5 million to scale its operations, accelerate product development, and expand its reach into broader consumer and commercial markets. The funding brings Meridian’s total investment to date to more than $30 million.

Meridian’s fabrication approach is silicon CMOS compatible, which leads to lower than average cost and manufacturing scalability, and according to Teck Lee Chee, CEO of Moveon Technologies, an investor in Meridian, these advantages served as a driving force for the investment. Unlike traditional thermal sensors, which rely on more expensive materials and production methods, Meridian's CMOS platform guarantees a significantly lower cost of manufacturing while maintaining high levels of performance for the consumer and commercial markets. Meridian has already shipped solutions to customers in the Internet of Things devices, smart appliances, in-cabin automotive monitoring, security and safety products, and portable thermography instruments segments. The Singapore-based company also operates in the U.S., Hong Kong, and U.K.

Currently, Meridian’s product offerings include thermal imaging camera modules, camera module evaluation kits, a thermal image processor, and a smartphone thermal camera attachment.

Published: October 2024
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
thermal imaging
Thermal imaging is a technology that detects infrared radiation (heat) emitted by objects and converts it into an image, known as a thermogram, which displays temperature variations in different colors. Unlike visible light imaging, thermal imaging does not require any ambient light and can be used in complete darkness or through obstructions such as smoke, fog, and certain materials. Thermal cameras use sensors to detect infrared radiation and generate images based on the temperature...
BusinessInvestmentsfundingmachine visionCMOSLasersImagingSensors & Detectorsthermal imagingAsai PacificMeridian Innovation

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