[Funding alert] Groningen-based QDI Systems Secures €5 Million in Series A Round Funding

The company's prior backers Carduso Capital, RuG Ventures, and the well-known Nordic venture capital fund Maki.vc participated in the investment round, which was spearheaded by NOM, the Investment and Development Agency for the Northern Netherlands.

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The Netherlands Enterprise Agency (RVO) offered an innovation loan of €1.97 million as part of the investment. The development of creative science-based projects with significant technical risks and promising commercial outcomes is the objective of this esteemed R&D funding.

QDI Systems uses state-of-the-art nanomaterial quantum dots to build medical imaging equipment. Photons can be effectively converted into electronic signals by tiny, solution-processable semiconductor nanoparticles called quantum dots.

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QDI Systems’ CEO and founder Artem Shulga said, “Quantum dots have enormous potential to revolutionise medical imaging, especially in the area of X-ray imaging. Compared to other technologies, they offer higher image quality with significantly lower radiation doses. The technology can greatly improve the quality, safety and speed of procedures such as mammography screening and diagnostics,” “We are proud to pioneer this technology in medical imaging. Our mission is to provide high-quality images for radiologists for more precise and early-stage diagnostics.”

QDI Systems is developing technology that makes use of shortwave infrared (SWIR), in addition to X-ray applications. For the company, the usage of SWIR opens up a large number of new prospective markets. These involve consumer and industrial applications like mobile phone facial recognition and image sensors for sorting operations.

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Ytsen van der Meer, Investment Manager at NOM said, “QDI Systems has shown significant potential to revolutionise medical imaging through the innovative use of quantum dot technology. The team has a unique scientific background, profound technical knowledge, and extensive commercial experience, providing a strong foundation for success,”.

Paavo Räisänen, Partner at Maki.vc said, “QDI Systems’ groundbreaking application of quantum dots technology is setting new standards in the field of medical imaging. We are thrilled to continue backing Artem Shulga and his team in becoming the leading company in the industry,”.

About QDI Systems

Physicist Artem Shulga, PhD, launched QDI Systems in 2019 as a spin-off of the Zernike Institute for Advanced Materials at the University of Groningen. QDI systems is a high-tech start-up, spin-off from Zernike Institute for Advanced Materials, University of Groningen. They at QDI Systems create quantum dot-based imaging devices for medical purposes.

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