Imagimob, a Stockholm, Sweden-based AI startup, has raised up to SEK8m in equity and debt funding.
The round was led by Stockholm Business Angels (Stoaf).
The company will use the funds to accelerate R&D, expand international sales activities and to strengthen the company’s IP portfolio.
Led by Anders Hardebring, CEO and Co-Founder, Imagimob has invented and developed SensorBeat*, a patented AI technology that allows for advanced motion recognition on small, low-cost and low-power IoT hardware devices.
The technology can potentially be used in an almost unlimited number of applications in a range of different vertical segments.
Imagimob has currently 10+ customers, many of them large, international companies.
*SensorBeat is patented technology and a registered trademark in the EU.