Investment: Fabless Company Acconeer Secures $7.2M

Acconeer AB, a leading innovation company in the area of mobile sensors, announces that ithas closed a SEK 60 million ($7.2M) investment round. The new capital will be used to fund the completion of Acconeer’s 3D sensor A1 for commercial launch and mass production, which is planned for early 2017.

Lars Lindell, CEO of Acconeer AB commented: “We are naturally very pleased with closing the investment round. Existing shareholders contributed with approximately 40% of the round leaving 60% for new investors. We have been able to add some industry veterans such as Jörgen Lantto, former CEO of Fingerprint Cards and Bert Nordberg, former CEO and Chairman of Sony Mobile, and many leading positions within Ericsson, as investors in this very ambitious project. We now have enough funds to start the process of commercializing our ultra-low power and millimeter precision sensor. We have a very solid interest from customers and will also start shipping evaluation boards to customers for their evaluation.”

Jörgen Lantto comments: “Acconeer is about to complete the development of a 3D sensor with great potential. I am very impressed with the technology and the team and I am looking forward to follow them developing a world-leading technology company.”