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Xnext is a knowledge-intensive scale-up company that produces and develops advanced hyperspectral X-ray inspection technology, XSpectra®. This technology performs in-line real-time material…

Xnext is a knowledge-intensive scale-up company that produces and develops advanced hyperspectral X-ray inspection technology, XSpectra®. This technology performs in-line real-time material…
Founded: February 2014
Headquarters: Milan, Italy (Via Valtorta 48)
Core product: XSpectra hyperspectral X-ray inspection system
Target sectors: Food safety, Pharma safety, Recycling
Tech specialisation: Hyperspectral X‑ray, photonics, CdTe photon‑counting detector, AI inspection software
Series A (May 13, 2021) led by Neva SGR; €20M EIB venture debt (Dec 2023)
Industrial inspection and quality control for food safety, pharmaceutical safety, and recycling/material characterisation.
2014
Inspection technology / Food & pharmaceutical safety / Recycling
€5,000,000
Capital increase by Neva First Fund (listed as a 2021 milestone).
€20,000,000
EIB provided a venture debt loan to support R&D (listed as a milestone/recognition).
Listed as a grant entry (date shown in funding summaries).
Company notes early backing from friends & family and business angels in 2015.
Company notes a crowdfunding campaign in 2016.
“Series A led by Neva SGR (May 2021); later €20M venture debt from the European Investment Bank (Dec 2023); earlier grant support from EASME and early F&F/business‑angel and crowdfunding activity.”
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