SINGAPORE, Oct. 14, 2024 — Meridian Innovation Pte Ltd, a developer of thermal imaging sensors, has raised $12.5 million to scale its operations, accelerate product development, and expand its reach into broader consumer and commercial markets. The funding brings Meridian’s total investment to date to more than $30 million.
Meridian’s fabrication approach is silicon CMOS compatible, which leads to lower than average cost and manufacturing scalability, and according to Teck Lee Chee, CEO of Moveon Technologies, an investor in Meridian, these advantages served as a driving force for the investment. Unlike traditional thermal sensors, which rely on more expensive materials and production methods, Meridian's CMOS platform guarantees a significantly lower cost of manufacturing while maintaining high levels of performance for the consumer and commercial markets. Meridian has already shipped solutions to customers in the Internet of Things devices, smart appliances, in-cabin automotive monitoring, security and safety products, and portable thermography instruments segments. The Singapore-based company also operates in the U.S., Hong Kong, and U.K.
Currently, Meridian’s product offerings include thermal imaging camera modules, camera module evaluation kits, a thermal image processor, and a smartphone thermal camera attachment.