LONDON--Norwegian CMOS sensor developer Novelda AS announced it has raised $12 million in a funding round and appointed Cornelia Mender as CEO, replacing Alf-Egil Bogen. Bogen continues to serve the company as chairman of the board of directors.
Novelda (Oslo, Norway) develops sensors based on CMOS ultra wideband (UWB) impulse radar. The company has used its UWB impulse radar transceiver to develop contactless sensor technology under the name XeThru, which can be used as a remote vital signs monitor.
Novelda said it would use the funding to take XeThru to high volume production. Applications of the technology include: baby and general sleep monitoring systems, respiration rate monitors, elderly care, and fitness, health, welfare and lifestyle products.
XeThru sensors can also be used for "true-presence" sensors in buildings for HVAC and lighting control, for surveillance and automation applications.
Mender joined Novelda as CEO from GE Vingmed Ultrasound, where she led the supply chain operation for cardiovascular ultrasound systems. Before GE, Mender was head of R&D at Kongsberg Maritime. Prior to that, Mender workedd for 11 years in the Telenor Group.
"Cornelia has a great track record of technology leadership and I look forward to working with her as we take the company forward to become a market leader in advanced sensors," said Bogen in a statement.
This article was originally published by EE Times Europe.
—Peter Clarke covers business news and analog for EE Times Europe.
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