Arktis closes financing round

Arktis Radiation Detectors Ltd, an award winning start-up from the leading Swiss technical university ETH Zurich, successfully closed another round of financing, worth 2 million US dollars. «This recent financing round shows investors’ confidence in Arktis. We are on track and will further pursue our goals with perseverance », said Arktis CEO, Dr. Rico Chandra. The financing round will provide a solid financial basis as the company expands its revenues to achieve break-even next year.
 
In addition, Arktis moved its headquarters to new premises in Zurich. The new location provides optimal conditions to build up production capabilities to execute current contracts and offers enough space for further growth.
 
About
Arktis Radiation Detectors Ltd is a spin-off of ETH Zurich, specializing in radiation detection for the interdiction of smuggled radiological materials and other nuclear safety applications. Launched by a development team of CERN alumni, Arktis' proprietary fast neutron detection technology offers an innovative detection method that provides unique potential to discover well-shielded nuclear materials (e.g. Uranium, Plutonium). Arktis has active proposals currently being evaluated by US and European Government Agencies and has achieved US market entry. Since its incorporation in 2007, Arktis has won some of the most sought after Swiss entrepreneurial prizes. The company has twelve employees and is headquartered in Zurich, Switzerland.