What is XeThru?
XeThru, formerly known as NOVELDA, specializes in ultra-wideband (UWB) human presence sensors, recognized for their unparalleled reliability in detecting even the most subtle human movements, such as breathing and heartbeats. The company's product portfolio includes advanced UWB sensors for proximity detection and occupancy monitoring, catering to diverse applications across consumer electronics, smart buildings, and automotive systems. XeThru's innovative sensing technology is designed to redefine user interaction, enhance security, and optimize energy consumption within various indoor environments, positioning it as a key player in the advanced sensing solutions sector.
How much funding has XeThru raised?
XeThru has raised a total of $12M across 1 funding round:
Series A
$12M
Series A (2014): $12M with participation from Sparebank 1, Investinor, and Alliance Venture
Key Investors in XeThru
Sparebank 1
SpareBank 1 is a financial institution based in Oslo, Norway, offering a comprehensive suite of banking products and services.
Investinor
Investinor AS is an investment company focused on supporting promising Norwegian businesses, particularly in early-stage ventures, by providing capital and expertise to foster global leadership and sustainable innovation.
Alliance Venture
Alliance Venture Capital is a Nordic venture capital firm that invests in early-stage technology companies founded by Nordic entrepreneurs with global ambitions, focusing on scalable solutions and long-term sustainability.
What's next for XeThru?
The substantial enterprise-level capital infusion signifies a pivotal growth phase for XeThru. This strategic backing is expected to accelerate product development, expand market reach, and further solidify its position as a leader in UWB sensing technology. The company is poised to leverage this investment to enhance its offerings for developers, distributors, and businesses seeking to integrate cutting-edge sensing capabilities into their products and infrastructure, driving innovation in user experience and environmental monitoring.
See full XeThru company page
