# Noveto Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/noveto-systems

- Industry: Software
- Headquarters: Petah Tikva, Israel
- Website: www.noveto.biz
- Total disclosed funding: $10M
- Latest round: Series A (Jun 10, 2021)
- Investors on record: 1

## About

Noveto Systems Ltd. is a pioneering technology company specializing in innovative audio solutions that create personalized sound experiences without the need for headphones. Their technology, known as "smart audio," targets sound directly to users, enhancing listening experiences.Founded in 2011 in Petah Tikva, Israel, Noveto Systems Ltd. develops innovative audio technology that delivers sound directly to users without headphones. The company has engaged in two funding rounds, with a Series A round on June 10, 2021, where it raised USD 10.000 mn led by Adit Ventures. Tomer Shani, the founder, has a background that includes experience in technology startups.Noveto Systems offers advanced audio technology that enables unique sound experiences through direct sound delivery systems. Their products are designed for various applications, including consumer electronics, automotive, and public spaces, focusing on personalized audio experiences that eliminate the need for traditional audio devices.Noveto Systems' revenue model is primarily based on technology licensing and product sales, driven by their proprietary audio solutions. The company earns income through partnerships with manufacturers and technology developers looking to integrate their sound technology into existing devices and systems.Following its most recent funding round in June 2021, Noveto Systems Ltd. plans to utilize the USD 10.000 mn raised to expand its operations significantly. The company aims to triple its workforce within the next year and is set to open a new office in the United States, furthering its market reach and product development initiatives.

## Funding rounds

- Series A, Jun 10, 2021, $10M — Adit Ventures

## Investors

- Adit Ventures (https://capitalatlas.ai/funds/adit-ventures) — Series A