Raytelligence received a grant from the Swedish Innovation Bureau - Vinnova to develop a radar sensor for vital sign monitoring.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Halmstad
State: Hallands Lan
Zip:
Country: Sweden
Swedish Adrenaline was formed in 2013 with the mission to develop new electronic products for the Sport and Health markets. The fact that these markets differ very much resulted in 2015 in the founding of two subsidiaries to Swedish Adrenaline, namely, Raytelligence and Innowearable. Swedish Adrenaline became by doing so a holding company. Innowearable is devoted to Sport Electronics and Raytelligence is focused on microwave sensors for the healthcare- and industrial markets. In 2015 Raytelligence received a grant from the Swedish Innovation Bureau - Vinnova to develop a radar sensor for vital sign monitoring. Raytelligence showed in 2016 the first version of the 60 GHz sensor for vital sign monitoring and also a cloud service was demonstrated. In 2017 the sensor RayVS1 was certified for home use. This year the first industrial client was signed for development and delivery of sensors to the road construction market as well as signing a partnership with a major Swedish IT-provider to the e-Health market. The Raytelligence team is a blend of people with competence ranging from industrial design to radar signal processing.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 12/2016 | Funding Round | $334.2k | 1/2019 | Grant | 1 | $81.9k |
EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs |
6/2017 | Seed Round | 1 | $335.7k |
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