Novelda, the developer and manufacturer of adaptive smart sensors, announces the closing of a $12M Series A financing round to secure delivery and further development of its XeThru sensor technology. The first XeThru sensors are designed to detect movement and human body vital signs such as breathing and heart rate from a distance of several meters. In addition to normal motion detection, the sensors can detect other types of movement including proximity, gestures and more. The sensors use harmless, extremely low energy, high frequency (GHz) radio waves and can sense through clothing, bedding and obstacles such as glass, walls and other materials. Novelda is an Alliance Venture Polaris portfolio company. The new funding round was led by Investinor.
See full press release or visit www.xethru.com.
Arne Tonning, our partner and team member, has since the summer been the “Investor in Residence” at Nordic Innovation House (NIH) in Palo Alto, where he is an integrated part of the team there. The provides Alliance Venture with a more direct and hands-on link into the Silicon Valley ecosystem. Arne’s mission for us in California is to support our portfolio companies, benchmark new investment opportunities for our latest fond and strengthen the Silicon Valley network for long-term value. Feel free to reach out to Arne or us, if this local presence in California is of interest or can be leveraged for mutual benefit. More info on Nordic Innovation House here.
Øyvind Isaksen (51) has been appointed new CEO of poLight AS and the current CEO, Christian Dupont, will become CMO in charge of Sales & Marketing. Isaksen has previously held several CEO positions, most recently in the publicly listed company Q-Free ASA, which he left earlier this year after 7 years as CEO.
poLight offers the fastest autofocus (AF) actuator for use in future camera phones. poLight® has a patented Tunable Optical Lens with many performance benefits compared to today's VCM (Voice Coil Motor) lens, and it scores far better in terms of instant focus and low power consumption.
For more information visit www.polight.com or see press release.