Obital completed a $380k capital investment round.

Obital, a Copenhagen, Denmark-based company developing eye-tracking technology, announced that it has secured a DKK 2.5M ($380k) investment round.

The financing round was led by a syndicate of investors from DanBAN - Danish Business Angels. The capital will be used to gain traction for the company's product.

Obital was founded in 2017 by Elias Lundgaard Pedersen and CEO Frederik Østergaard Neble as a spin-out of the Technical University of Denmark. The company develops mobile eye-tracking applications based on the emerging commercialised eye-tracking technology available in modern smartphones, tablets and computers.