09 December 2019:
RaySecur has raised $3 million in Seed Funding. The funding round was led by One Way Ventures. Junson Capital, Launchpad Venture Group, Dreamit Ventures also participated in the funding round.
The company will use the fresh capital to scale within key market verticals and accelerate its growth strategy.
Eric Giroux, Founder and co-inventor, RaySecur, said, “Unlike X-ray systems which use harmful ionizing radiation and produce only 2-D images, terahertz imaging is completely safe, providing dynamic, full motion imaging with 300X times greater sensitivity to detect hazardous powders and liquids concealed in packages.”
Semyon Dukach, One Way Ventures Managing Partner, said, “We are thrilled to have led this round and are excited for what lies ahead. Eric and Alex make an impressive team, and together with the rest of the RaySecur family, they have already made great progress in making MailSecur a reality. Now that they’ve closed this round, they can bring this compelling technology to an even broader market.”
“The team has worked incredibly hard to launch a product and generate sales from a number of lighthouse customers across several verticals with limited funding. Beyond our market success, the investment from this seed round validates our MailSecur product and allows us to capitalize on this momentum and execute our growth strategy to deliver cutting-edge security imaging and make the world a safer place, said, ” RaySecur CEO, Alexander Sappok, Ph.D.
RaySecur’s flagship product, MailSecur™, is a desktop-sized scanner used by Fortune 500 companies and governments to detect threats in the mail.
(Image – RaySecur)