€4.5M Investment Powers FaradaIC's Oxygen Chip Innovation

FaradaIC Sensors has announced a €4.5 million seed funding round to accelerate the commercialization of Faraday-Ox, described as the world's first oxygen gas sensor on a chip. According to information shared by the company on LinkedIn, the investment was led by JOIN CAPITAL with support from Forma Prime, the European Innovation Council, elev8.vc, Tiburon, Frontures, Atlantis Ventures, and several angel investors.

The Berlin-based startup, founded in 2021 by two chemists and an electronics industry expert, has developed what they call MECS-Technology® (Micro-Electro-Chemical-Systems). This innovation represents a significant departure from conventional electrochemical gas sensors that have relied on liquid electrolytes for over 50 years.

By employing MEMS (Micro-Electro-Mechanical Systems) fabrication technology, FaradaIC has created fully solid-state electrochemical gas sensors that offer impressive advantages over traditional solutions: manufacturing costs reduced by more than 10 times, size reduced by over 100 times, and significantly lower power consumption.

The company operates as both a fabless semiconductor company and a chemistry company, with laboratories near Berlin and Belgrade. Their technology aims to detect various gases including O₂, H₂, and CO in a miniaturized form factor suitable for high-volume production.

FaradaIC plans to officially launch Faraday-Ox commercially in May 2025. The technology targets multiple markets including food packaging, medical devices, consumer electronics, and industrial IoT applications that were previously inaccessible to traditional sensor technology.