Raytelligence

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

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Detailed Raytelligence Information

Geographic Data

Raytelligence headquarters map

Address:

City: Halmstad

State: Hallands Lan

Zip:

Country: Sweden

Financial Info

Stage:

grant

Raised Last:

$82k

Raised Total:

$752k

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Description

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
Announced Date Transaction Number of Investors Money Raised Lead Investors
1/2019 Grant 1 $81.9k EASME - EU Executive Agency for SMEs
EASME - EU Executive Agency for SMEs
12/2016 Funding Round $334.2k
6/2017 Seed Round 1 $335.7k Sciety
Sciety
Announced Date Name Price

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