Focusing on gas sensing, this technology creates a $35 billion market for miniaturised sensors. Since the 1960s, electrochemical gas sensing has detected oxygen, carbon monoxide, and hydrogen. Despite their success, traditional electrochemical sensors are bulky, power-hungry, costly, and short-lived, making them unsuitable for modern, small devices. FaradaIC, with the help of its Micro ElectroChemical Systems technology (MECS-Technology™), overcomes these challenges, enabling the miniaturisation of sensors like the MEMS revolution technology.
Today, the company has secured €4.5 million in funding led by JOIN Capital, with follow-on investment from pre-seed investor Forma Prime and other participants to accelerate commercialisation. This investment will fast-track the commercialisation of their novel microchip technology, enabling the first-ever microfabrication and scalability of chip electrochemical devices.
This brings the total funding to €8 million, with valuation not being disclosed to TFN.
Merging chemistry and microfabrication expertise
FaradaIC Sensors GmbH was founded in July 2021 in Berlin by Dr. Ryan Guterman, Dr. Alexey Yakushenko, and an electronics/PCB industry expert. The company emerged from its founders’ combined expertise: Guterman, a chemist and material scientist specialising in electrochemical devices, and Yakushenko, an expert in microfabrication and sensors. Their collaboration aims to solve gas sensing challenges by merging chemistry and microfabrication technologies.
Co-founder and CEO of FaradaIC Sensors, Ryan Guterman, explained to TFN exclusively: “The technology arose from a business need and builds on our research. We developed extensive knowledge and experience in creating these technologies. FaradaIC has focused on addressing a specific market need — miniaturising gas sensor technology for IoT and wearable devices. This technology has broad applications, and we’re focusing on our initial market entry.”
FaradaIC Sensors aims to revolutionise gas sensor technology by miniaturizing electrochemical gas sensors onto microchips. This approach makes sensors smaller, cheaper, and more efficient while serving high-volume markets like IoT, consumer electronics, medical devices, and aerospace. The company plans to commoditise gas sensors and produce one billion units over the next 10–15 years.
Behind FaradaIC: Combining semiconductor and chemistry expertise
FaradaIC combines semiconductor and chemistry expertise to create miniaturised electrochemical gas sensors using standard microfabrication techniques. Its multigas sensing platform gives IoT and consumer electronics manufacturers an unprecedented combination of miniaturisation, low power consumption, and affordability—meeting high-volume market demands where competitors fall short.
“Our clients tell us that existing gas sensor technology, especially oxygen gas sensors, cannot meet their requirements. Whether they’re building medical devices or food freshness monitors, the problems are the same—the sensors are too large, expensive, and power-hungry,” said Dr. Ryan Guterman, CEO of FaradaIC. “This is a once-in-a-generation leap forward that finally delivers a miniaturised and scalable solution for virtually any application.”
This breakthrough is crucial because industries ranging from food logistics and healthcare to automotive and consumer electronics depend on gas sensors. However, existing solutions are outdated, inefficient, and challenging to scale. The company is validating the technology with more than 10 partners, including industrial giants and global brands, all of which struggle with current technology’s limitations.
The sensor-enabled market is expected to surpass $35 billion by 2030, compared with $18 billion in 2024. The gas sensor industry, which is the initial focus, is valued at around $3 billion. Guterman shared with us: “Today’s gas sensor market uses three main technologies: electrochemical, optical, and metal oxide. While metal oxide sensors are the most cost-effective and miniaturised, thanks to semiconductor technology, their performance is limited primarily to air quality applications. Optical and electrochemical technologies, used for most applications, are expensive and bulky, limiting their broader adoption.
FaradaIC’s MECS technology miniaturises electrochemical technology on a chip, expanding its use beyond current possibilities. This breakthrough came through materials science innovations miniaturising traditional electrochemical cell components and making them compatible with semiconductor manufacturing processes. Our primary competitors include sensor and semiconductor companies like Bosch, Infineon, Sensirion, and traditional sensor makers like Honeywell.”
A new era for microchips: moving beyond MEMS
Inspired by MEMS devices’ meteoric rise since the 1990s, FaradaIC developed its MECS-Technology™, enabling electrochemical reactions at the microchip level. The key innovation is a proprietary solid-state ion-conductive material that eliminates the need for liquid electrolytes — previously a major obstacle to integrating electrochemistry into chips. This breakthrough enables microchips to perform at scale using standard semiconductor manufacturing processes.
FaradaIC’s first product, Faraday-Ox™, is the world’s first oxygen gas sensor on a chip, making oxygen sensing more compact, energy-efficient, and scalable. “With Faraday-Ox™, we can deliver millions of sensors to our clients, which none of our competitors can. MEMS killed legacy gyroscope and accelerometer technology, and MECS will do the same, starting with gas sensing,” Dr.Guterman added. “Our clients see this and are excited to work with us.”
Following the launch of Faraday-Ox™, the company plans to introduce Faraday-Breath™, a combined O₂ and CO₂ sensor, in 2027. With the ability to mass-produce electrochemical sensors, FaradaIC is positioned to reshape the €3.3 billion gas sensor market and establish a foundation for a new generation of electrochemical devices.
The European Innovation Council, Elev8, Atlantis-Ventures, Tiburon and Frontures also participated in the round. “For over half a century, gas sensing technology has barely evolved. It’s too bulky, inefficient, and impossible to scale for today’s needs. FaradaIC’s approach isn’t just an upgrade — it’s a fundamental shift that turns electrochemical sensing into a scalable, chip-based technology,” said Julia Flaig, Principal at Join Capital. “This is exactly the foundational innovation that fits our thesis — critical technology that doesn’t just compete but changes the game entirely.”
Guterman concluded: “Over the next 3-5 years, our sensor technology will be produced in the millions and transform lives through medical, consumer electronics, and IoT applications. We can scale, and with this funding, we’ll begin market entry and scaling over the next 5 years to enable new mass-market solutions for our clients.”
