# MP High Tech Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mp-high-tech-solutions-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.calumino.com
- Total disclosed funding: $13M
- Latest round: Series A (Mar 31, 2022)
- Investors on record: 7

## About

MP High Tech Solutions Pty Ltd, operating from Sydney, Australia, specializes in cutting-edge thermal sensor technology that enhances various industries through innovative imaging solutions.Founded in 2014 in Sydney, Australia, MP High Tech Solutions Pty Ltd focuses on advanced thermal sensor technology. The company was established by Marek Steffanson and Peter Fabian, with Steffanson currently serving as CEO. The firm has successfully raised AUD 6.534 mn in its SERIES A funding round, co-led by notable investors, including Celesta Capital and Taronga Group, achieving a total amount raised of AUD 6.534 mn and a current company valuation of AUD 60.574 mn. It has completed 12 deals, with the most recent deal dated March 31, 2022.Calumino specializes in advanced thermal sensor technology, primarily through its flagship product, the Calumino Thermal Sensor (CTS). This innovative sensor is designed for mass-market applications across various industries, operating on a proprietary, nanotech-based principle. The CTS delivers high-performance, low-cost thermal imaging that respects individual privacy through native low resolution. Key applications include occupancy and people counting, critical asset monitoring, hotspot detection, and solutions for sectors such as commercial real estate, industrial monitoring, senior care, and pest control. Calumino serves a diverse clientele of leading device manufacturers and innovators globally, focusing particularly on markets in North America, Europe, and Asia.Calumino generates revenue primarily through the sale of its thermal sensors and associated evaluation kits to B2B customers, including OEMs and commercial enterprises. The company employs a direct-to-consumer model for evaluation kits, allowing customers to assess the CTS's capabilities prior to integration into their systems. Revenue transactions are structured around agreements for bulk purchases, where clients can acquire the sensors in larger quantities for integration into their products or solutions. Specific product pricing is tailored to meet individual client needs and project scales, which ensures competitiveness in the market. Additionally, Calumino enhances its revenue stream through strategic partnerships with device manufacturers, facilitating a broader range of industry applications.The company aims to leverage its recent AUD 6.534 mn in SERIES A funding to expand its existing applications and explore new use cases. Funding will also support product development and the expansion of its global team in targeted regions including Europe, Taiwan, Japan, and the United States. Calumino is focused on launching new products in the upcoming year, enhancing its offerings to better serve its clients in diverse markets.

## Funding rounds

- Series A, Mar 31, 2022, $4.9M — Taronga Group, Celesta Capital, Egis Technology Inc., Ryoden Corporation, Focus Performance Management Systems Pty Limited
- Series A, Oct 15, 2021, $8.4M — Celesta Capital, Egis Technology Inc., Taronga Ventures, Moveon Technologies Pte Ltd

## Investors

- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Series A
- Egis Technology Inc. — Series A
- Taronga Ventures (https://capitalatlas.ai/funds/taronga-ventures) — Series A
- Moveon Technologies Pte Ltd — Series A
- Taronga Group — Series A
- Ryoden Corporation — Series A
- Focus Performance Management Systems Pty Limited — Series A