Startups working on AI cancer pathology, epilepsy implants and home energy retrofit are among 11 Scottish technology companies named in the latest ‘ones to watch’ report from Techscaler, the Scottish Government’s national startup programme run by CodeBase.
The fourth edition of the series covers companies in life sciences, deeptech and sustainability. They were chosen by CodeBase’s ‘entrepreneurs in residence’, experienced founders and business leaders who advise the startups on investment, commercialisation and scaling.
TILE.BIO, which has raised a £2.3 million seed round, uses AI in digital pathology, with applications in cancer diagnosis, biomarker discovery and drug development, at a time when pathology capacity is a known bottleneck in cancer pathways.
Neurobite is developing an implantable medical device to monitor and treat neurological conditions, including epilepsy and recovery after a stroke. Aelo is building wearable neurotechnology that tracks brain activity and cognitive performance in real time.
And in a boost for net zero, LumiAires is developing light-based processors designed to reduce computing energy consumption and cooling requirements.
The October edition features three life sciences companies, five deeptech businesses and three sustainability startups.
James Trotman, VP of growth at CodeBase, said: “The latest ones to watch show that Scotland’s startups are finding strong footholds in life sciences, deeptech, and sustainability, building their commercial propositions, while winning customers, and raising investment rounds to help power their growth strategies.”
The companies by sector:
Life Sciences
- Aelo – Developing wearable neurotechnology to monitor brain activity and cognitive performance in real time.
- TILE.BIO – Using AI to transform digital pathology, with applications in cancer diagnosis, biomarker discovery and drug development. The company has raised a £2.3 million seed round.
- Neurobite – Developing an implantable medical device to temporarily monitor and treat neurological conditions, including epilepsy and post-stroke recovery.
Deeptech
- FYVIE – Developing energy-efficient AI models that run directly on devices and robotics without relying on cloud computing.
- LumiAires – Developing light-based processors designed to reduce computing energy consumption and cooling requirements.
- NEOWATT – Creating wireless power technology to enable satellites to operate continuously in orbit.
- Northchip – Developing navigation technology using the Earth’s magnetic field to determine location without GPS.
- Catalyst Neuromorphic – Developing low-power computer chips that enable battery-powered sensors to run AI continuously.
Sustainability
- GreenFlip – Using AI-powered digital models to improve home energy efficiency and support retrofit investment decisions.
- Mycovolt Technologies – Developing sensors that detect crop stress through electrical signals in plants. The company has secured a £2.3 million research grant.
- Regeno – Developing affordable modular wind turbines, having raised £422,000 alongside a £100,000 Scottish Enterprise grant.
The report also highlights milestones achieved by some of the companies featured in the 3rd edition of Ones to Watch in April.
- Northern Light Microscopy – the high-resolution light sheet microscopy platform empowering life science laboratories secured an oversubscribed round of over £1.2 million.
- Touchlab – developing electronic skin giving robots a human-like touch, the company was selected for the Google DeepMind Accelerator and is raising a £30 million plus Series A round.
- Ridescan AI – developing in-depth automated reporting for safer, smarter robots, the company is raising a seed round, and has partnered with a Japanese technology distributor.
- weeteq – AI and circuit-level vibration monitoring solutions for industrial machinery, the company is raising a $15 million seed round, and has extended relationships with global semiconductor and data centre operators.