Spectral Industries

What Spectral Industries does

Spectral Industries BV, founded in 2015 and headquartered in Delft, Netherlands, develops industrial Laser-Induced Breakdown Spectroscopy (LIBS) optical sensor systems for real-time, non-contact elemental chemical analysis. Its LIBS technology, inspired by TNO Space & Optics research originally developed for space missions, uses a focused laser pulse to create plasma on a sample surface; the emitted light is captured by a spectrometer and translated into elemental composition through proprietary data processing. Spectral serves mining, recycling, and metals production operators globally, with installed solutions across four continents and named customers including Anglo American, Sandvik, Tata Steel, Covalent Lithium, Stena Recycling, Cémin Catemu, and Felmica.

The company's product portfolio comprises four offerings built on the same LIBS core: BeltPulse, a conveyor belt analyzer delivering up to 1,000 readings per second for continuous in-line monitoring; LabPulse, a benchtop analyzer with automated 3D scanning at 100 µm resolution; CorePulse, a drill core scanner that analyzes a one-meter core in under one minute; and Custom Made Sensors, bespoke LIBS solutions co-developed with OEM partners and deliverable at hundreds of units per year through manufacturing partners. Stated differentiators versus alternative techniques (notably XRF and ICP) include detection of all elements including light ones like Li, C, B, and Cl; no requirement for consumables such as argon; no sample preparation; and 24/7 operation in harsh industrial environments.

Spectral monetizes through direct enterprise hardware sales, OEM licensing and embedded deals (e.g., Sandvik ORCA12 on drill rigs), integration services, and ongoing software and service agreements. Go-to-market combines direct enterprise field sales, channel partners (Holtec for Latin America), event-driven acquisition at major mining conferences, and EU research consortium channels (PURESCRAP, DINAMINE). The company employs 20–25 people, raised €2.5 million from Value Creation Capital and The Nest Group in September 2025, and is transitioning from project-driven to product-driven operations targeting 10× revenue growth over the next three to five years.

Name

Spectral Industries

Legal name

Spectral Industries BV

Website

https://spectralindustries.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Spectral Industries develops industrial LIBS-based optical sensor systems for real-time, non-contact elemental chemical analysis in mining, recycling, and metals production. Its portfolio (BeltPulse, LabPulse, CorePulse, custom sensors) serves enterprise customers across four continents.

Ownership category

akta.pro rank

Product category

Industrial Spectroscopy Equipment

NAICS

Analytical Laboratory Instrument Manufacturing (334516), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Laboratory Analytical Instruments (3826), Industrial Instruments For Measurement, Display, And Control (3823), Optical Instruments & Lenses (3827)

akta.pro primary industry

Process Analytical Instrumentation (Gas analyzers, spectroscopy, pH/ORP, conductivity) (IMAGAFAE)

akta.pro secondary industries

Machine Vision & Optical Sensing (Cameras, 3D vision, LiDAR, illumination) (IMAGAFAB), Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)

Keywords

• Industrial spectroscopy sensors
• Laser-induced breakdown spectroscopy
• Real-time elemental analysis
• Mining process monitoring
• Recycling material sorting

Headquarters

HQ city

Delft

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Hardware sales — LIBS sensor systems: Sale of physical LIBS sensor products (BeltPulse, LabPulse, CorePulse, custom sensors) as industrial equipment. Products are delivered as end-to-end solutions including hardware, software, and integration services. The company is transitioning to higher-volume serial production.
2. Software and integration services: End-to-end solutions include software, hardware and integration services for streamlining and optimizing customer operations. Ongoing software support and data processing services accompany hardware deployments.
3. Joint development and OEM licensing: Custom LIBS sensor joint development projects with mining equipment and recycling sorting equipment manufacturers, from feasibility through to series production. Manufacturing partner enables delivery of hundreds of LIBS sensor systems per year, suggesting OEM/embedded licensing revenue.
4. Real-time process monitoring (embedded / OEM): LIBS sensors embedded in customer production lines and equipment provide continuous real-time elemental data, enabling process optimization. Revenue derives from sensor sales and ongoing service agreements for industrial customers.

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

Spectral Industries develops and manufactures LIBS-based optical sensor systems that perform non-contact, real-time chemical and elemental analysis for industrial process monitoring. Its products—including BeltPulse, LabPulse, CorePulse, and custom-engineered sensors—are deployed on conveyor belts, in laboratories, and in production lines across mining, scrap recycling, and industrial production operations. The company sells directly to industrial operators, OEMs, and channel partners, supported by integration services and proprietary data-processing software.

Product overview

Spectral Industries provides a portfolio of LIBS-based (Laser-Induced Breakdown Spectroscopy) industrial sensors for real-time online chemical analysis. The product line comprises BeltPulse for conveyor belt elemental monitoring, LabPulse for benchtop laboratory analysis, and CorePulse for drill core scanning, supported by Custom Made Sensors for bespoke OEM integration. All products share the same underlying LIBS technology and are complemented by end-to-end solutions including software, hardware, and integration services.

Differentiator

Problem solved

Functional benefit

Brands

• BeltPulse: LIBS conveyor belt analyzer for real-time elemental composition monitoring on conveyor belts, capable of up to 1000 readings per second.
• LabPulse
• CorePulse
• Custom Made Sensors

Products and services

• BeltPulse On-belt LIBS analyzer for continuous, real-time elemental analysis of ore and bulk material on conveyor belts in mining and mineral processing operations.
• LabPulse Laboratory-scale LIBS instrument designed for fast, sample-based elemental analysis in laboratory settings supporting mining, recycling, and industrial production customers.
• CorePulse Turnkey LIBS sensor solution for industrial process monitoring, designed for integration into production lines and process environments requiring continuous chemical composition data.
• Custom Made Sensors Bespoke LIBS sensor solutions engineered to customer specifications for specialized industrial applications and unique process-monitoring environments.

Quantifiable outcome

• LIBS conveyor belt analyzer enables real-time ore grade classification, allowing redirection and planning of heap leaching processes more efficiently, reducing energy consumption and consumables (copper ore application at Cémin Catemu).
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• HolteccoreGTM or Marketing Partner · 8 June 2026Spectral Industries participates in EXPONOR Chile 2026 alongside Holtec (stand 1092, Gold Pavilion). Holtec collaborates on LIBS demonstration projects in Latin America (e.g., Cémin Catemu in Chile) and provides a local platform for Spectral's market entry and customer engagement in the region. Jointly represented at EXPONOR 2026 by Sadia Manzoor, Jean Pierre Mery Vivanco, and María José Armijo Torres.
• BHP Invent OBKcoreStrategic or Co-development Partner · 1 January 2025Spectral Industries is one of eight companies selected for the 2025–2026 BHP Invent OBK cohort, focused on AI analytics, advanced sensing, and automation technologies for mining. BHP operates a dual-track accelerator with equity-free model providing mentorship and technical expertise. The 25/75 domestic-to-international ratio cohort focuses on technologies projected to deliver 10–30% improvements in efficiency, accuracy, and cost reduction.
• Stena RecyclingcoreStrategic or Co-development Partner · 19 December 2024Spectral Industries installed a LIBS sensor at Stena Recycling's Hallstahammar facility as part of the PURESCRAP EU project. The unit completed a full week of calibration measurements in a research environment and is planned to transition to the production line. The sensor will enhance scrap material classification and boost recycling efficiency.
• UNICEF (Business Buddies Program)minorOthers · 9 June 2023Spectral Industries participates in UNICEF's Business Buddies program, supporting the Plastic Bricks project in Ivory Coast which recycles plastic waste into building blocks for classrooms. This CSR partnership demonstrates the company's commitment to social impact and sustainability beyond its core business.
• PURESCRAP EU ProjectcoreStrategic or Co-development PartnerPURESCRAP is an EU-funded project in which Spectral Industries is a proud partner, deploying LIBS sensors for advanced recycling applications. The project website is live at purescrap.eu. Spectral installed a sensor at Stena Recycling as part of this project.
• DINAMINE ConsortiumminorStrategic or Co-development PartnerSpectral Industries is part of the DINAMINE consortium, in which it manufactures and installs a dedicated LIBS sensor at the open-pit feldspar mine (Felmica) in Portugal. The sensor characterizes crushed rocks to evaluate in-pit crushing benefits for environmental and economic aspects, enabling more selective transportation and processing.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Thermo Fisher Scientific: Thermo Fisher Scientific is the broadest analytical instrument incumbent with a dominant position in ICP-OES, ICP-MS and XRF used in mining and metallurgical labs. It is a benchmark buyer alternative to Spectral's LIBS for lab-based elemental analysis and could easily extend into on-line or LIBS-based offerings given its R&D resources.
• Rigaku: Rigaku is a long-established manufacturer of XRF, XRD and process analytical instruments serving mining and metals customers. Its on-line and at-line XRF analyzers are direct competitive alternatives to Spectral's LIBS-based real-time analyzers in mineral processing and exploration workflows.
• Hitachi High-Tech Analytical Science: Hitachi High-Tech is a leading provider of OES (optical emission spectroscopy) and XRF analyzers widely used in metal production and mining laboratories. Its ruggedized OES handheld and benchtop systems target the same mining and metals customers Spectral serves with LabPulse and CorePulse.
• Malvern Panalytical: Malvern Panalytical is a specialist in XRF, XRD and NIR analytical instruments with a strong installed base in mining, cement and metals. Its on-line XRF analyzers are direct substitutes for Spectral's BeltPulse in continuous elemental monitoring on conveyor belts and at process lines.
• Bruker: Bruker is a large scientific instrument incumbent that sells XRF, ICP-OES, ICP-MS and OES systems widely used in mining and metals labs. It competes with Spectral's analytical accuracy claim from a much larger installed base, broader service network and bundled software, but does not focus on on-belt or drill-core LIBS for real-time industrial deployment.
• Endress+Hauser: Endress+Hauser is a global process instrumentation supplier with a strong presence in mining and metals process analytics, including on-line analyzers for liquids and gases. It represents the kind of large-scale, global-service competitor Spectral must displace in on-line industrial analytical instrumentation.

Direct peers

• SciAps: SciAps is a U.S.-based direct peer producing handheld and portable LIBS analyzers for elemental analysis in mining, recycling and alloy ID. It targets the same end-buyers as Spectral and uses the same LIBS physics, but focuses on portable/handheld form factors rather than on-belt and drill-core industrial integration.

Others

• FLSmidth: FLSmidth is a major supplier of mining and mineral processing equipment, including on-line analyzers for mineral processing plants. It is an adjacent ecosystem player that could either compete with Spectral by bundling analytics into its processing lines or partner as an OEM customer of Spectral's CorePulse and BeltPulse modules.

Emerging players

• Metrohm (including B&W Tek): Metrohm acquired B&W Tek, a maker of handheld and benchtop Raman and LIBS spectrometers used for material identification in recycling, pharma and mining. The combined entity overlaps with Spectral in elemental LIBS analyzers but is more weighted toward Raman-based identification than conveyor-belt deployment.
• Applied Spectra (Agilent): Applied Spectra was a specialist LIBS instrument company (now part of Agilent Technologies) that pioneered laboratory LIBS systems. It is comparable to Spectral as a LIBS-focused peer but historically focused on lab-scale instruments rather than on-belt and drill-core industrial deployment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/spectral-industries

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spectral Industries