Sonitor Technologies Inc., an Oslo, Norway- and Stamford, Conn.-based provider of high definition, indoor positioning technologies for real-time visibility and intelligence, raised NOK80m (approx. $9.5m) in funding.
Backers included current shareholders and employees.
The company intends to use the funds to expand into new industry verticals, and continue to invest in the development of its system.
Led by Arne Oyen, President and CEO, Sonitor provides ultrasound-based real-time location systems (RTLS), with patented High Definition Ultrasound capabilities, which are specifically developed and designed for indoor positioning in complex environments. The company has developed Sonitor Sense™, a wireless system which supports a wide range of applications to make hospital operations more efficient.