MultiX has raised funds from Omnes Capital and a private investor

MultiX has successfully raised funds from Omnes Capital and a private investor to finance the company’s expansion.

MultiX develops world-class detectors for airport security scanners. Every year, more than 3,400 airport security scanners are sold worldwide, generating a total market of more than US$650 million. Following new airport security regulations, from January 2016 all airports are required to implement liquid explosive detection systems. In this context, MultiX can be the key tool to capture this market, as presently it is the only operational solution capable of coping with the new regulation. Specifically, MultiX is provides real-time identification/discrimination of all materials, has an extremely low false alarm rate of three times lower than current technologies, offers increased throughput at security checkpoints and its technology is designed to be retrofitted to existing x-ray systems (low conversion costs).

Oaklins’ team in France advised MultiX on this fundraising.