Sensor firm eyes growth after £9 million boost

A sensor firm has unveiled expansion plans after securing £9 million backing.

Phlux Technology is creating jobs and boosting production capacity to target international growth.

The blueprint comes after the Sheffield-based start-up raised £9 million in a Series A funding round led by BGF.

Bosses say the support will allow the infrared sensor company to deliver “the next generation of fibre broadband connectivity”.

Founded in 2020 as a University of Sheffield spin-out, Phlux works with clients across Asia, Europe and North America.

Ben White, Phlux chief executive, said: “This funding comes at a pivotal moment as demand for high-speed optical communication systems is growing enormously.

“By developing world-class, high-performance infrared sensors, we are enabling industries to push the boundaries of connectivity, sensitivity and efficiency by removing a technology bottleneck that has persisted for over 20 years.”

Luke Rajah, BGF partner, said: “Phlux has developed a game-changing technology in a sector that’s long overdue for disruption.

“With strong academic roots, early commercial traction and a compelling roadmap, the team is well-positioned to lead in infrared sensing.

“We’re excited to support Phlux in scaling globally across the sensing and telecommunications markets.”

The funding round was also supported by existing Phlux investors Octopus Ventures, Northern Gritstone and Foresight.

Owen Metters, Octopus Ventures’ investor, said: “We are excited to see this funding deployed to grow the team and bring exciting product ranges to market.”

Duncan Johnson, Northern Gritstone chief executive, added: “Phlux is a fantastic example of semiconductor innovation, and we are proud to continue supporting the team under Ben’s leadership.”

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