MultiX targets international expansion

It will enable production to begin at its Moirans plant in Isère, France and continue with international growth plans.

The company – whose two founders are from the Thales Group – provides integrator clients with detection systems that are used in the non-destructive testing sector for discrimination between unwanted objects in the food processing industry.

It has the ME100 system for the food industry featuring a spectrometer for real time identification of each material being screened and spectral digitalization for material and density analysis.

The financing round included two new investors: Omnes Capital and H3C (private investor).

Existing investors are ACE Management, Alto Invest, CEA Investissement, EurekaP, Helea Financière, Kreaxi and Thales Group.

The spectroscopic x-ray imaging firm was founded in 2010 by Jacques Doremus and Patrick Radisson with the support of the French Atomic Energy Commission (CEA) and Thales.

Doremus, chairman of the MultiX management board, said the financing round will enable it to change dimension to meet demand from target markets.

“The US government and a number of scanner manufacturers have selected our technology to improve identification of solid and liquid explosives in airline baggage, check food quality and improve sorting of high value-added waste,” ​he said.

“The ability to identify materials with a significantly lower error rate compared with the x-ray detectors currently used has been welcomed by the market.”​

Current X-Ray sensing technologies use single or dual energy data acquisition systems.

MultiX said multi energy spectrometric data acquisition systems improve material discrimination and can produce qualitative results about elemental composition of materials screened.

Renaud Poulard, partner at Omnes Capital, said: “We are delighted to become part of the MultiX adventure. This is a very promising company with very strong technological expertise.”​