Neue Labs raises SEK 1M via Arantus

Neue Labs, a Swedish startup providing a product development tool, raised SEK 1M ($110k) through Arantus.

Neue Labs, based in Stockholm and led by CEO and co-founder Fredrik Timour, developed Automata, a hardware and software platform that can be integrated into products such as clothes, furniture or cars and then transmits or collects data to a phone or local server.

Neue Labs is part of the European EIT Digital accelerator and won Almi Invests Internet Discovery Investment of the Year 2015.