Tobii Technology is raising EUR16m in expansion capital from Amadeus Capital Partners, Northzone Ventures and existing investor, Investor Growth Capital.
Tobii Technology is raising EUR16m in expansion capital from Amadeus Capital Partners, Northzone Ventures and existing investor, Investor Growth Capital.
The capital will be used to expand Tobii’s eye-tracking technology into existing and new markets and applications.
Tobii was founded in 2001 and attracted its first institutional investment from Investor Growth Capital in 2007. This enabled Tobii to broaden its product range and to expand internationally. Today, the company employs some 200 people with seven offices worldwide.
The new funding will be used to further accelerate growth in existing application areas – analysis and assistive technology. Tobii’s eye-tracking solutions provide companies with insight into consumer behaviour and software usability and are used in various fields of academic research. Tobii also provides eye-controlled communication devices and other communication devices for the disability market.
Tobii will also advance into entirely new markets. Tobii recently launched an embedded eye-tracking system on a chip, which will enable Tobii to integrate eye-tracking with a wide array of products in new markets such as anti-drowsiness for vehicles, general computers, medical diagnostics and gaming.
‘Excellent technology and demonstrated ability to grow rapidly puts Tobii in a unique position to capitalize on the huge opportunities of eye-tracking. We look forward to working with this company in their continued growth and success’, says Hans Otterling of Northzone Ventures.
