HALO X-ray Secures Investment to Accelerate its Disruptive X-ray Diffraction Technology for Security Screening and Contraband Detection

Published: September 2023

Investments in HALO X-ray Technologies will support regulatory approval of the first fieldable XRD system in checkpoint security operations and deployments to key airport screening operations.

Nottingham UK – September 06, 2023 – HALO X-ray Technologies Ltd, a developer of next-generation X-ray diffraction (XRD) technology for aviation and security screening applications, announced today that the Innovation Science & Seed Fund (UKI2S), a venture fund science and technology focused venture capital fund, led a £2M Series A investment funding round alongside Agilent Technologies Inc. and the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund, managed by venture capital firm Midven to advance HALO’s XRD screening solutions.

Simon Godber, HALO’s Chief Executive Officer said:

  • “We are thrilled to have the support of market leader Agilent to join with UKI2S and Midven,”

    “This investment will support HALO’s principal goal to substantially reduce false alarm rates for global checkpoint screening systems, leading to faster passenger throughput and significant reductions in airport operational costs. Agilent’s investment along with its product development and manufacturing expertise in global security and field detection markets will help us deliver critical new screening capability to address aviation security and international customs and borders screening challenges. We welcome the support of UKI2S and the continued backing from the MEIF through Midven, to help drive the business through these next important periods of rapid growth”.

Simon Godber, HALO’s Chief Executive Officer said:

  • Geoff Winkett said:

    “HALO’s innovative XRD platform enables through-barrier identification of chemicals and materials and makes this long-promised capability available, so it can be used in a wide range of security and contraband detection missions”


Andy Muir, Investment Director for UKI2S and Future Planet Capital Group said:

“Investment in innovation is critical to the future of global security, which is why we are delighted to invest in HALO from our Defence and Security portfolio within the UK Innovation & Science Seed Fund. Our part in this raise is not only to invest, but also to identify and amplify co-investment into organisations that have scalable opportunity via dual-use capabilities. Congratulations to the whole team in this vital next stage of HALO’s growth.”


Andy Bard, Portfolio Manager at Midlands-based venture capital firm, Midven, part of the Future Planet Capital Group, said:

“We are pleased to continue to invest in HALO’s effective XRD platform and operationalise the advancements the HALO team has achieved that make XRD a high value and deployable solution. Our investment will support key deployments to European airport screening operations and add sales and logistical support for installations in Europe and the US”.

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

About HALO X-ray Technologies (HALO)

HALO is commercializing patented X-ray diffraction technology originally pioneered by Professor Paul Evans at Nottingham Trent University and Professor Keith Rogers at Cranfield University.

HALO innovations have allowed X-ray diffraction, for the first time, to be used to scan and identify materials at commercially viable speeds to meet the requirements for real-world applications, such as security, medical, and industrial process control.

For more information about HALO, please visit https://www.haloxray.com.

About UKI2S

UKI2S is a national seed investment fund that nurtures innovative businesses to leverage private investment and grow jobs, recycling profits from the realisation of our investments into the next generation of impactful UK companies.

We invest in innovations emerging from the UK’s publicly funded science and knowledge base. We specialise in engineering, biology, defence & security, fusion energy, to facilitate sustainable growth, enhance the health and security of society, improve productivity, and deliver economic gains emerging from UK’s public funding portfolio. The fund is backed by UK Research and Innovation, Ministry of Defence, the Department of Science Innovation and Technology, the UK Atomic Energy Authority (UKAEA) and other public bodies. It is independently managed by Future Planet Capital (Ventures) Ltd, the impact-led, global venture capital firm.

About Midven

For more than 30 years, leading Birmingham-based venture capital firm Midven has been supporting Midlands SMEs, investing more than £90m into the region and raising over £200m co-investment into its portfolio.

Midven’s ‘more than money’ approach helps to build strong and successful companies and support businesses every step of the way. Midven continues to extend its reach to invest in the Midlands’ most ambitious entrepreneurs through its appointment to manage the £55 million equity portion of the Midlands Engine Investment Fund (MEIF), as well as the launch of the £25 million West Midlands Co-Investment Fund. Midven was acquired by Future Planet Capital in April 2021.

For more information about Midven, please visit https://www.midven.co.uk.