Noveto Systems Receives New $10M Million Investment from Adit Ventures

Noveto Systems announced the successful completion of a bridge of $10 Million from renowned technology investors Adit Ventures, a firm that has invested in some of the world’s leading disruptive companies, with exits in GoPro, Spotify, Palantir and Lyft. The investment is set to enable rapid company expansion and help promote Noveto's revolutionary personal sound beaming concept to new markets.

Noveto is the Israeli company that successfully demonstrated its sound-beaming technology for web conferencing and automotive zoning applications at CES 2018, and more recently partnered with electronics giant Foxconn to bring to market its own audio chipset. Now, the company launched a limited pre-sale Kickstarter campaign to bring to market a proof-of-concept of its technology with the SoundBeamer 1.0 integrated speaker.

Following its acquisition of Chirp Microsystems in February 2018, TDK Corporation now announced the immediate availability of the latest Chirp SmartSonic platform family of ultrasonic sensor time-of-flight (ToF) solutions. The SmartSonic platform is currently available with the Chirp CH-101, an ultra-low power ultrasonic ToF range sensor that provides millimeter-accurate range measurements up to 1.2m, independent of target color and transparency.

TDK Corporation announced that it has reached an agreement with Chirp Microsystems, a pioneer in high-performance ultrasonic sensing, headquartered in Berkeley, California. With the acquisition, Chirp becomes a wholly owned subsidiary of TDK, enhancing its existing technology in fingerprint sensors, MEMS sensors, and Piezoelectric transducer product lines. “TDK aims to be the leader in the ultrasonic MEMS sensors and solutions market,” says Shigenao Ishiguro, TDK’s President and CEO.