What is XeThru?
XeThru, formerly known as NOVELDA, is a leader in ultra-wideband (UWB) human presence sensing technology. The company's innovative sensors are recognized for their unparalleled reliability in detecting human presence, including subtle physiological signals such as breathing and heartbeat. Their product portfolio encompasses a range of UWB sensors, including CPD & Vital Signs, Proximity, and Occupancy sensors. These advanced solutions are designed for integration into consumer electronics, smart buildings, and automotive systems, aiming to enhance user experience, bolster security, optimize energy consumption, and ensure safety through presence-aware device interactions. XeThru's technology serves a broad spectrum of clients, from developers and distributors to end-users across diverse indoor environments, positioning it at the forefront of intelligent sensing solutions.
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, a Norwegian financial institution, likely provided crucial banking and financial services to support XeThru's Series A funding round.
Investinor
Investinor AS, a Norwegian investment company focused on developing promising businesses, contributed capital and strategic support to XeThru, aligning with its mission to foster world-leading companies.
Alliance Venture
Alliance Venture Capital, a Nordic venture capital firm specializing in early-stage tech companies, invested in XeThru, supporting its global ambitions and technological innovation.
What's next for XeThru?
The substantial enterprise-level capital infusion signifies a pivotal moment for XeThru, likely enabling accelerated product development, market expansion, and the scaling of its UWB sensor technology. This strategic investment suggests a focus on solidifying its market leadership and potentially exploring new applications for its presence-sensing capabilities. The company is well-positioned to capitalize on the growing demand for intelligent, context-aware devices in smart homes, buildings, and the automotive industry. Future growth will likely involve deepening partnerships, expanding its global reach, and continuing to innovate in the highly specialized field of ultra-wideband sensing.
See full XeThru company page
