Acconeer AB, a Lund, Sweden-based IoT company, closed a SEK60m funding round.
Backers included existing shareholders and new investors including Jörgen Lantto, former CEO of Fingerprint Cards, and Bert Nordberg, former CEO and Chairman of Sony Mobile.
The company intends to use the funds to complete its 3D sensor A1 for commercial launch and mass production, which is planned for early 2017.
Founded in 2011 by Dr. Mikael Egard, Dr. Mats Ärlelid, Mårten Öbrink, Professor Lars-Erik Wernersson and Lund University and led by Lars Lindell, CEO, Acconeer is developing a ultra-low power, high precision 3D sensor which aims to improve the way mobile devices interpret their surroundings for applications ranging from virtual reality and gaming to security and robot control.
Information from the sensor can also be used to identify different materials, or for practical applications, such as taking measurements of shirt size before ordering online.