Serstech
Serstech is a Swedish manufacturer of handheld Raman spectrometers and related software that enable law enforcement, customs, military, and first-responder agencies to identify narcotics, explosives, and chemical threats in seconds, distributed through 170 partners across 66 countries.
- Company typePublic
- Founded2000
- HeadquartersLund, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Serstech does
Serstech AB (publ) is a Swedish developer and manufacturer of handheld Raman spectroscopy instruments for rapid chemical identification, headquartered in Lund, Sweden, and listed on Nasdaq First North Growth Market under the ticker SERT. The company designs, manufactures, and markets devices — principally the Serstech Arx mkII launched in April 2024 — that can identify more than 800 substances including narcotics, explosives, toxic industrial chemicals (TICs), biotoxins, and chemical warfare agents in seconds using a patented one-hand, single-button workflow with industry-first autofocus functionality. The platform is complemented by a patented SERS Kit and TraSERSwab for trace detection of very low-concentration or fluorescent samples, and by the ChemDash software platform that aggregates identification data into real-time dashboards and integrates with customer systems, including US military and NATO networks.
Serstech generates revenue through a combination of hardware sales (handheld spectrometers and consumable SERS kits), software licensing (ChemDash, with subscription billing available), an instrument rental program, and OEM/white-label arrangements. The go-to-market is almost exclusively indirect: 170 channel partners distribute products across 66 countries, supported by wholly-owned sales offices in the United States and India. End customers are concentrated in law enforcement, customs and border security, military/defense (including NATO and US forces), first responders, and an emerging pharmaceutical/industrial quality-control vertical. Repeat-order behavior is strong — a single Singapore government end-customer has generated more than SEK 35 million in cumulative orders through partner Kaiser-SGI.
The company reached its first profitable year in 2023 (net sales of SEK 62.9 million, up 268% year-on-year, with positive EBITDA of SEK 12.9 million and positive operating cash flow), but 2025 sales fell below expectations due to US tariff uncertainty and delays in US federal budget execution. To support expansion of production capacity and inventory build, Serstech completed a SEK 40 million directed share issue in December 2024 (bringing in Martin Bjäringer as the largest shareholder) and a SEK 10 million bridge loan from Almi in April 2026. All production is conducted in-house in Sweden under ISO 9001 and ISO 14001 certifications, and the company holds an ISP license for the export of its chemical warfare agents database.
Serstech firmographics
Firmographics- Name
- Serstech
- Legal name
- Serstech AB (publ)
- Website
- https://serstech.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Serstech is a Swedish manufacturer of handheld Raman spectrometers and related software that enable law enforcement, customs, military, and first-responder agencies to identify narcotics, explosives, and chemical threats in seconds, distributed through 170 partners across 66 countries.
- Ownership category
- akta.pro rank
Serstech industry classification
Industry- Product category
- Handheld Raman Spectroscopy / Chemical Detection Equipment
- NAICS
- Analytical Laboratory Instrument Manufacturing (334516), Other Measuring and Controlling Device Manufacturing (334519)
- SIC
- Laboratory Analytical Instruments (3826), Measuring & Controlling Devices, Nec (3829)
- akta.pro primary industry
- Mass Spectrometry & Spectroscopy Instruments (HLAGAIAB)
- akta.pro secondary industry
- Analytical Instruments & Chromatography Systems (HLAGAIAA)
Keywords
Where Serstech is headquartered
LocationHeadquarters
- HQ city
- Lund
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Serstech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Hardware Sales (Raman Instruments): Sale of handheld Raman spectrometers including Serstech Arx mkII, Serstech 100 Indicator, and related hardware. One-time capital purchase model for law enforcement and security customers. Products deliver results within seconds with one-hand, single-button operation.
- Software Licensing (ChemDash): Software solutions including Serstech ChemDash for chemical identification management, analysis, and reporting. Provides real-time dashboards integrating multiple instruments and data sources. License-based recurring revenue potential.
- SERS Kit and Consumables: Patented SERS Kit and TraSERSwab for trace identification. Allows detection of very low concentrations. Repeat purchase model for consumables and kits.
- Rental Program: Serstech Rental program offering flexible access to instruments for customers who prefer not to purchase or need temporary capacity. Addresses varying demand patterns.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Serstech Arx mkII - Handheld Raman spectrometer for narcotics and substance identification |
| Subscription | Monthly | Serstech Rental - Flexible rental program |
| Subscription | Annual | Serstech ChemDash - Software platform |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Serstech product offering
Product offeringCore offering
Serstech develops, manufactures, and sells handheld Raman spectrometers and related software for the rapid identification of narcotics, explosives, toxic industrial chemicals (TICs), biotoxins, and chemical warfare agents. Its flagship product, the Serstech Arx mkII, uses patented autofocus technology and an AI-enhanced 800+ substance library to deliver one-hand, single-button field identification within seconds. The Serstech ChemDash software platform aggregates instrument data into real-time dashboards and supports integration with customer and military networks.
Product overview
Serstech offers a portfolio of handheld chemical identification solutions centered on Raman spectroscopy technology. The core product is the Serstech Arx mkII handheld spectrometer, which uses patented autofocus technology to identify over 800 substances including narcotics, explosives, and chemical warfare agents. This device is complemented by the Serstech SERS Kit and TraSERSwab for trace detection of low-concentration samples. The Serstech ChemDash software platform serves as the data management layer, aggregating identification results into real-time dashboards and enabling integration with customer systems. Supporting accessories include the Capillary Probe. The company also offers a Rental service for short-term instrument access. All products are manufactured in Sweden.
Differentiator
Problem solved
Functional benefit
Brands
- Serstech Arx mkII: Handheld Raman spectrometer for narcotics and substance identification
- Serstech SERS Kit
- Serstech ChemDash
- Serstech Capillary Probe
- Serstech TraSERSwab
- Serstech Rental
Quantifiable outcome
- 268% revenue growth in 2023 (from 17.1 MSEK to 62.9 MSEK)
- +4 more outcomes
Companies that use Serstech
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
Serstech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature5 records
Serstech partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- EnvironicsminorOEM agreement signed for integration/white-label partnership. Third OEM agreement signed as part of channel strategy. Co-marketing agreement also in place.
- Smile Electronics Ltd (China)minorShenzhen-based distribution partner for Chinese market. Expert in forensic, security, and law enforcement fields with strong domestic network in central and coastal regions. First order placed and delivered 2018.
- Kapri Corp (India)coreIndian distribution partner placing orders for Serstech products including Arx mkII and ChemDash software. Multiple orders for Indian law enforcement agencies totaling significant value. 4.3 MSEK order placed April 2026 for Q2 delivery.
- Proengin (France)coreFrench partner for security and safety applications. Placed 1.7 MSEK order for hardware and software in November 2025. US affiliate Proengin Inc. received 27.5 MSEK order in 2023 and 5.6 MSEK order in 2024.
- Kaiser-SGI (Singapore)coreSingapore partner placing orders for end-customer. Fourth major order of similar value (12.4 MSEK) received November 2024. Multiple repeat orders totaling over 35 MSEK from same end-customer in Singapore.
- Aerotech (Chile)coreChilean partner supplying Chilean Carabineros law enforcement. 2.8 MSEK order in Q1 2024. Additional 9.7 MSEK in orders secured November 2024. Repeat orders from same end-customer.
- Anton PaarminorDistribution partner with frame order of 5.3 MSEK placed March 2026. Austrian company specializing in laboratory instruments.
- JGW Group (USA)minorStrategic partnership formed in November 2021 to expand presence in USA market. Collaboration to provide combined solutions.
- 3DX-RayminorPartnership announced November 2021 to provide unique combined solutions. Integration of X-ray and Raman spectroscopy technologies.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Serstech competitors and assessment
Company assessmentBroad incumbents
- Smiths Detection:
- Thermo Fisher Scientific: Global analytical instruments incumbent with broad portfolio including Raman spectroscopy products (Thermo Scientific brand). Competes with Serstech across pharma, security, and defense but as part of a much wider life sciences and analytical instruments portfolio.
- Bruker Corporation: Large analytical and CBRN detection instruments company; acquired Sciaps (handheld XRF/Raman). Overlaps with Serstech in handheld Raman for security and CBRN defense applications via broader mass spectrometry and detection portfolio.
Direct peers
- B&W Tek (Metrohm Raman): Direct competitor in handheld Raman spectroscopy for narcotics, explosives, and chemical identification. Metrohm acquired B&W Tek, the established handheld Raman player against whom Serstech competes in law enforcement and security tenders.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Serstech social profiles
Digital presenceSerstech compliance and trust
Trust signalCompliance2 records
Serstech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Serstech leadership team
Management profileNumber of profiles
Profiles10 records
Serstech subsidiaries and ownership
Company hierarchySubsidiaries2 records
Serstech funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Serstech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Serstech
What does Serstech do?
Serstech develops, manufactures, and sells handheld Raman spectrometers and related software for the rapid identification of narcotics, explosives, toxic industrial chemicals (TICs), biotoxins, and chemical warfare agents. Its flagship product, the Serstech Arx mkII, uses patented autofocus technology and an AI-enhanced 800+ substance library to deliver one-hand, single-button field identification within seconds. The Serstech ChemDash software platform aggregates instrument data into real-time dashboards and supports integration with customer and military networks.
Is Serstech a public or private company?
Serstech is a public company. It is classified as public and is currently operating.
When was Serstech founded?
Serstech was founded in 2000. It employs 11 to 50 people.
Where is Serstech based?
Serstech is headquartered in Lund, Sweden, in the Europe region.
How does Serstech make money?
Four revenue lines are on record. Hardware Sales (Raman Instruments) is the primary driver. The others are software Licensing (ChemDash), SERS Kit and Consumables and rental Program.
Who are Serstech's main competitors?
Broad incumbents on record are Smiths Detection, Thermo Fisher Scientific and Bruker Corporation. B&W Tek (Metrohm Raman) is listed as a direct peer.
Does Serstech have an API?
No public API is recorded for Serstech.
What industry is Serstech in?
Serstech's product category is Handheld Raman Spectroscopy / Chemical Detection Equipment. Its primary akta.pro industry code is HLAGAIAB, Mass Spectrometry & Spectroscopy Instruments, with a secondary code of HLAGAIAA, Analytical Instruments & Chromatography Systems. Its NAICS code is 334516 and its SIC code is 3826.