Estonian Deep-Tech Company MuRay Raises €7.1 Million Funding

On 2 November, Estonian deep-tech company MuRay announced a €7.1 million funding round to bring its muon-imaging technology to industrial customers. The round included a €3.5 million private investment led by First Momentum Ventures and co-led by Caelora, with participation from Nordic Science Investments and Superangel. The funding creates opportunities in industrial technology, research commercialisation and international expansion. HPC can support business planning, investor research and funding-readiness advisory.