# Silveray

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silveray

- Industry: Semiconductors
- Headquarters: Stockport, UK
- Website: www.silveray.co.uk
- Total disclosed funding: $14M
- Latest round: Series A (Jun 17, 2026)
- Investors on record: 12

## About

Based in the UK, and founded in 2018, Silveray, Ltd. operates as an X-ray technology company commercializing a flexible Digital X-ray Film (DXF) platform developed from University of Surrey research. The company is a spin-out of the Advanced Technology Institute (ATI). The company was co-founded by Dan Cathie (CEO), and Ravi Silva. In June 2026, Silveray, Ltd. raised GBP 5 million Series A funding led by PXN Group. with participation from Northern Gritstone, Empirical Ventures, ACF Investors, and Future Planet Capital.

Silveray's core product is its proprietary Digital X-ray Film (DXF), a flexible and ultra-thin digital detector platform designed for radiographic inspection. The company supplies imaging technology for industrial non-destructive testing applications such as oil & gas pipelines, aerospace components, shipbuilding structures and energy infrastructure, while also developing applications for healthcare imaging and diagnostic workflows.

The company will use the June 2026 funding to hire more staff, scale up production of its X-ray technology, and expand commercial partnerships into healthcare.

## Funding rounds

- Series A, Jun 17, 2026, $6M — PXN Group, ACF Investors, Future Planet Capital, Northern Gritstone, Empirical Ventures
- Seed, Oct 8, 2024, $5.3M — ACF Investors, Deeptech Labs, Northern Gritstone, Hamamatsu Ventures USA, Empirical Ventures
- Seed, Oct 12, 2022, $2.4M — Cambridge Angels Group, ACF Investors, SyndicateRoom, UK Innovation & Science Seed Fund, R42, UK Future Fund

## Investors

- Cambridge Angels Group — Seed
- ACF Investors (https://capitalatlas.ai/funds/acf-investors) — Seed, Series A
- SyndicateRoom (https://capitalatlas.ai/funds/syndicateroom) — Seed
- UK Innovation & Science Seed Fund (https://capitalatlas.ai/funds/uk-innovation-science-seed-fund) — Seed
- R42 (https://capitalatlas.ai/funds/r42) — Seed
- UK Future Fund — Seed
- Deeptech Labs (https://capitalatlas.ai/funds/deeptech-labs) — Seed
- Northern Gritstone (https://capitalatlas.ai/funds/northern-gritstone) — Seed, Series A
- Hamamatsu Ventures USA (https://capitalatlas.ai/funds/hamamatsu-ventures-usa) — Seed
- Empirical Ventures (https://capitalatlas.ai/funds/empirical-ventures) — Seed, Series A
- PXN Group (https://capitalatlas.ai/funds/pxn-group) — Series A
- Future Planet Capital (https://capitalatlas.ai/funds/future-planet-capital) — Series A