About Novelda
Novelda is a company based in Oslo (Norway) founded in 2004 by Eirik Naess Ulseth, Tor Sverre Lande, Dag T Wisland, and Einar Nygard. Novelda has raised $95.56 million across 5 funding rounds from investors including SpareBank 1, Runar Vatne and Tore Aksel Voldberg. The company has 89 employees as of December 31, 2023. Novelda offers products and services including UWB CPD & Vital Signs Sensor, UWB Proximity Sensor, UWB Occupancy Sensor, UWB Ultra-Low Power Presence Sensor, and UWB X7 Radar. Novelda operates in a competitive market with competitors including Kinexon, Inertial Labs, Decawave, Pozyx and Position Imaging, among others.
- Headquarter Oslo, Norway
- Employees 89 as on 31 Dec, 2023
- Founders Eirik Naess Ulseth, Tor Sverre Lande, Dag T Wisland, Einar Nygard
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Novelda As
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Annual Revenue
$1.48 M (USD)-32as on Dec 31, 2023
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Net Profit
-$15.74 M (USD)-16as on Dec 31, 2023
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EBITDA
-$15.48 M (USD)-16as on Dec 31, 2023
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Total Equity Funding
$95.56 M (USD)
in 5 rounds
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Latest Funding Round
$44.71 M (USD), Series D
Dec 09, 2021
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Investors
SpareBank 1
& 5 more
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Employee Count
89
as on Dec 31, 2023
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Products & Services of Novelda
Novelda offers a comprehensive portfolio of products and services, including UWB CPD & Vital Signs Sensor, UWB Proximity Sensor, UWB Occupancy Sensor, UWB Ultra-Low Power Presence Sensor, and UWB X7 Radar.
Detects vital signs and human presence for safety applications.
Monitors nearby human movements in consumer devices.
Tracks room occupancy to optimize energy use.
Enables efficient human detection in smart buildings.
Provides advanced radar for automotive and electronic systems.
People of Novelda
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Funding Insights of Novelda
Novelda has successfully raised a total of $95.56M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $44.71 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Novelda
Novelda has secured backing from 6 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include SpareBank 1, Runar Vatne and Tore Aksel Voldberg.
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Investor details for Novelda
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Investments & Acquisitions by Novelda
Investment portfolio details for Novelda
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Financial Statements - Novelda
Detailed financials for Novelda
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Novelda Comparisons
Peer comparison for Novelda
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Competitors of Novelda
Novelda operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kinexon, Inertial Labs, Decawave, Pozyx and Position Imaging, among others.
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Location and motion analytics are tracked via sensor-based platform.
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Inertial navigation systems are supplied for positioning and tracking solutions.
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Ultra-wideband ICs for micro-location solutions are manufactured.
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UWB-based indoor positioning solutions are provided for accurate tracking.
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Provider of indoor positioning technology
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Detailed competitors of Novelda
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Latest news on Novelda
Complete news archive for Novelda
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Frequently Asked Questions about Novelda
Novelda was founded in 2004 and raised its 1st funding round 10 years after it was founded.
Novelda is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Jan-Bjornar Lund is the current CEO of Novelda.
Novelda is a funded company, having raised a total of $95.56M across 5 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Novelda is 89.
Annual revenue of Novelda is $1.48M as on Dec 31, 2023.
Founded in 2004 in Oslo, Norway, sensors for detecting human presence are developed and supplied by the company within the electronics and automation sectors. Operations focus on impulse radar transceiver System on Chip (SoC) technology, enabling detection through any material for auto-wake functions in consumer devices. Indoor applications in smart buildings for automation are also supported, with products integrated into user detection systems.
Novelda's top competitors include Inertial Labs, Kinexon and Decawave.
Novelda offers UWB CPD & Vital Signs Sensor, UWB Proximity Sensor, UWB Occupancy Sensor, UWB Ultra-Low Power Presence Sensor, and UWB X7 Radar.
Novelda has 6 investors. Key investors include SpareBank 1, Runar Vatne, Tore Aksel Voldberg, Investinor, and Alliance Venture.
The valuation of Novelda is $171.34M as of Dec 2021.