Disruptive Technologies from Norway Raises $6M in Funding

FinSMEs
Norway Investments 27 April 2016
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Disruptive Technologies, a Bergen, Norway-based developer of wireless sensors that communicate with the Internet, raised $6m in new equity financing from Ubon Partners.

Disruptive Technologies develops wireless sensors communicating with the Internet and the sensors have unique characteristics in terms of size, range and battery capacity.

The company was founded in September 2013 and has until now been financed by employees and a few selected strategic investors. Including Ubon Partner’s investment, the company has raised a total of NOK 93 million.

The new investment will be used to finance further development of Disruptive Technologies innovative sensor technology, and development of organization and infrastructure towards market introduction in early 2017. The company intends to use the funds to further develop its sensor technology and its organization and infrastructure towards market introduction in early 2017.

Disruptive Technologies is headquartered in Bergen and has 17 employees located in multiple geographies.