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Kromek

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CZT-based radiation and biological threat detection solutions.

Sedgefield, United KingdomFounded 2003Aviation
Valuation $63M Market cap · 2026
Revenue $27M Latest reported FY
EBITDA $3.5M Latest reported FY

About Kromek

Kromek Group plc is a UK-headquartered technology company specializing in the development and supply of radiation and bio-detection solutions. The company was founded in 2003 as a spin-off from the Physics Department of Durham University by a team that included current CEO Dr. Arnab Basu, who holds a PhD in physics specializing in semiconductor sensor materials. Initially named Durham Scientific Crystals, the company rebranded to Kromek in 2008 and floated on the AIM market of the London Stock Exchange in 2014. Kromek's core technology is based on Cadmium Zinc Telluride (CZT) crystals, a semiconductor material used to produce high-resolution X-ray and gamma-ray detectors. The company claims to be the only commercial producer of CZT globally. This vertical integration, from crystal growth to finished detector products with software and electronics, allows it to serve a diverse client base. Its business is structured into two main segments: Advanced Imaging and CBRN (Chemical, Biological, Radiological, and Nuclear) Detection. In the Advanced Imaging market, Kromek operates as an original equipment manufacturer (OEM), supplying detector components to companies in the medical, security, and industrial sectors. These components are crucial for applications like medical CT and SPECT imaging for detecting diseases such as cancer, as well as for industrial inspection and security screening for explosives. A landmark agreement with Siemens Healthineers for CZT detectors in SPECT applications highlights its position in this market. The CBRN Detection segment provides solutions primarily for the homeland security, defense, and civil nuclear markets. Products include a range of compact, high-performance radiation detectors—handheld, wearable, and static—designed to protect infrastructure and people from radiological threats like 'dirty bombs'. The company also develops automated systems for detecting airborne pathogens. Its clients include government bodies, defense agencies, and nuclear power operators in the UK, US, Europe, and Asia. With manufacturing and R&D facilities in the UK and the US, Kromek has grown from a small university spin-out to a global entity with over 150 employees. The company has expanded its US presence through acquisitions, including NOVA Research and Development in California (2010) and EV Products in Pennsylvania (2013), enhancing its capabilities in electronics and CZT production. Keywords: Cadmium Zinc Telluride, CZT detectors, radiation detection, threat detection, medical imaging, homeland security, gamma-ray imaging, x-ray detectors, nuclear security, OEM components, SPECT imaging, CBRN detection, bio-detection, radioisotope identification, scintillation detectors, security screening, civil nuclear, environmental monitoring, handheld detectors, wearable sensors, pathogen detection, Arnab Basu

Source: Dealroom company data

At a glance

Status
Listed
Founded
2003
Headquarters
Sedgefield, United Kingdom
Listing
IPO 2013
Sector
Aviation
Power Law
Colt$25–100M revenue

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • European Innovation Council
  • Horizon Europe

Series A1 investor entered at this stage

  • Amphion Innovations

Series B and later4 investors entered at this stage

  • HSBC
  • Polymer N2
  • Siemens Healthineers
  • HSBC UK
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Sedgefield HQ
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Web traffic by country
13K monthly visits
across markets
🇺🇸 United States35.4%
🇬🇧 United Kingdom14.6%
🇪🇸 Spain6.9%
🇭🇺 Hungary1.5%
🇮🇳 India1.5%
Top 5 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Kromek on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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