Novelda secures USD 15 million in growth investment for its XeThru radar sensor business

Oslo, Norway, February 4, 2019 – Novelda, a developer and supplier of adaptive smart sensors has closed a USD 15 million funding round led by Investinor, to further develop and take the XeThru radar sensor technology into high volume applications.“Developing and introducing new technology represents risk, takes time and demands investors with a long-term perspective. We have raised USD 15 million to bring our world-class radar sensors to the market in partnership with global tier one electronics manufacturers, to scale up R&D and manufacturing, and to support customer programs for high