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MRead Limited

MRead Limited

Private
SydneyFrontier & Industrial Techhttps://www.mread.com.au/

Last Round

Grant

Dec 23, 2025

Est. Valuation

$150M

Total Funding Raised

$8.09M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

MRead Limited is a deep-tech company that develops magnetic resonance sensor technology for the detection of explosives and narcotics in humanitarian demining, defence, and security applications.

Sector

Frontier & Industrial Tech

Verticals

Defense Tech, Sensors

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting

AI Layer

Non-AI

Keywords

magnetic resonanceexplosive detectiondeminingMRcounter-IEDlandmine detectionbomb detectionsensor technologynarcotics detectiondefense technologyborder securitysecurity hardwareautonomous sensorsdeep techhumanitarian tech

Historical Pricing

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Caplight Momentum Score

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MRead Limited Comparables

Compare MRead Limited with similar companies based on industry and business-model similarity.

MRead Limited comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
VALLON GmbH
75%
CEIA S.p.A.
73%
Guartel Technologies Limited
72%

MRead Limited Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
GrantDec 23, 2025
Corporate FundingJul 1, 2025
SeedJan 1, 2023

Key People

Founding team and executive leadership

DSC and Bar John Shanahan

Chief Executive Officer

Executive Team

MRead Limited Investors

Notable investors and investment history

MRead Limited investors
InvestorRounds
Shaw and PartnersCorporate Funding
RFC AmbrianSeed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 20, 2026

    Monthly visitors grew 376% MoM, from 459 to 2.2K.

  • Dec 23, 2025

    $1.09M grant received

MRead Limited Filings

SEC and related filings with document metadata.

Data table
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MRead Limited Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about MRead Limited's valuation, stock price, and market status.

Firmographic Details

HeadquartersSydney
Employee Range9
Year Founded2023
Last FundingDec 23, 2025

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