Carnegie Investment Bank Norway is proud to have acted as Joint Lead Manager and Joint Bookrunner in connection with Elliptic Labs successful NOK 166 million private placement.
The private placement was significantly oversubscribed by Norwegian and international institutional investors, family offices and private investors.
Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. The Company’s patented AI software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million devices. Elliptic Labs is the only software company in the market that has delivered detection capabilities using AI software, ultrasound and sensor-fusion deployed at scale.
Carnegie congratulates Einar J. Greve, Laila Danielsen, Lars Holmøy and rest of the Elliptic Labs team with the successful transaction and we look forward to continuing our support of Elliptic Labs going forward.