VoxelSensors completes its Seed Round with an additional € 3 million, totaling € 9.5 million for XR and Mobile Spatial and Empathic Computing

VoxelSensors, a leading Belgian semiconductor deep tech start-up, closes its Seed Round with a €3 million in tail investment led by a new investor SFPIM Relaunch with participation from existing investors Qbic Fund and finance&invest.brussels. The funding is an extension of the company’s €5.5 million Seed Round of May 2023, led by Capricorn Digital Growth Fund and Qbic Fund, which now totals €9.5 million.

The investment will boost VoxelSensors’ international growth, technology advancement, and customer engagement for its low-power, low-latency Spatial and Empathic Computing solution for mobile and XR devices. VoxelSensors will also use the funds to prepare for the Series A round to support the company’s ambitions.

Spatial and Empathic Computing is an emerging field that aims to create technology that can enhance user perception based on user intentions for unique and personalized experiences. This technology will enable many applications for consumer electronics and professional applications on XR devices. VoxelSensors strives to make wearables more intuitive and user-friendly and foster the mass-market adoption of mobile and XR applications.

XR wearables and mobile spatial and empathic devices are projected to grow at the compound annual growth rate (CAGR) of 27.9% from 2022 to 2027.

“We think that Spatial and Empathic Computing is the future of XR and Mobile technology, and we are happy to be among the pioneers of this field,” said Johannes Peeters, CEO of VoxelSensors. “We are grateful to have secured this investment. It will allow us to keep innovating and developing our technologies to meet customer needs. We appreciate the support of institutional investors who align with our vision and values for the future of spatial and empathic computing in Brussels, Belgium and of electronic-semiconductor companies in Europe. Their investment is a recognition of the quality of our business and the promise of our technology.”

New investor SFPIM Relaunch for the future is a subsidiary of the Federal Holding and Investment Company (SFPIM), which is Belgium’s Sovereign Wealth Fund. The main objective of SFPIM Relaunch for the future is anchoring digital technological expertise in Belgium.

• “We are delighted to support and invest in this young and ambitious Belgian tech company that is making waves in a highly competitive and strategic market. By supporting deep tech companies like VoxelSensors, SFPIM Relaunch for the future aims to boost Belgium and EU competitiveness in the semiconductors industry, in line with the EU Chip Act objectives that seek to enhance the production and innovation of microelectronics in Europe,” said Céline Vaessen, CEO SFPIM Relaunch.

Qbic Fund is an inter-university venture capital fund that focuses on the transformation of technological breakthroughs into sustainable businesses. They support spin-offs and start-ups that valorize research from Qbic’s knowledge partners in the deep tech, software, biotech, and health tech sectors.

• “Qbic is pleased to keep investing in VoxelSensors and further support its Seed Round. The VoxelSensors team has demonstrated consistent progress since we first invested in 2023, delivering their technology roadmap, management skills as well as market penetration. We are also glad to support their environmental, social, and governance (ESG) activities that contribute to the United Nations Sustainable Development Goals (SDGs), which are in line with our values,” said Steven Leuridan, Partner at Qbic Fund.

finance&invest.brussels is a public limited company that facilitates and completes the financing chain of value-creating companies in the Brussels region. They provide financing solutions for start-ups, scale-ups, small and medium-sized enterprises (SMEs), social enterprises, and cooperatives.

• “We are happy to reinvest in VoxelSensors, a Brussels deep tech leader in 3D Perception semiconductors,” said Antoine Kuypers, Investment Manager at finance&invest.brussels. “Our investment aligns with the Brussels Region’s goals to foster innovation and green transition. We trust that VoxelSensors and its low-power technology will boost collaboration, productivity, and sustainability in enterprises.”

“Spatial and empathic computing devices need efficient and reliable perception and understanding of user and environment for widespread adoption. This requires a new sensing and algorithmic paradigm,” said Ward van der Tempel, CTO of VoxelSensors. “VoxelSensors’ unique SPAES (Single Photon Active Event Sensor) technology enables low-power and low-latency sensors that combine into a multimodal perception system to connect user gaze and gesture to its environment. This synergy is the heart of successful spatial and empathic computing in XR systems.”