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Elliptic Laboratories AS ( (DE:EIP) ) has provided an update.
Elliptic Laboratories ASA, a Norway-based Edge AI specialist, develops software-defined virtual smart sensors that deliver low-power, on-device contextual sensing for a wide range of consumer and enterprise devices. Its AI Virtual Smart Sensor Platform runs compact neural networks directly on hardware to provide always-on sensing while protecting user privacy and reducing energy use, and is deployed in over 500 million devices globally.
The company has completed registration of the share capital increase tied to the first tranche of a previously announced private placement, in which 10,527,500 new shares were issued at NOK 2.85 each. Following this registration with the Norwegian Register of Business Enterprises, Elliptic Labs’ share capital stands at NOK 1,158,142.65 divided into 115,814,265 shares, marking a significant step in executing its approximately NOK 60 million capital raise and reinforcing its financial base for further growth.
More about Elliptic Laboratories AS
Elliptic Laboratories ASA is a global Edge AI company specializing in trusted, low-power on-device sensing at scale. Its AI Virtual Smart Sensor Platform enables intelligent, always-on contextual awareness directly on devices without extra hardware or continuous cloud processing, and is deployed in more than 500 million consumer and enterprise devices worldwide.
The company focuses on efficient neural network execution using proprietary runtimes and custom sensing models optimized for real-world environments and diverse hardware architectures. Headquartered in Norway with operations in the USA, China, South Korea, Taiwan, and Japan, Elliptic Labs is listed on the Oslo Stock Exchange and develops and owns all its technology and intellectual property.
Its software-defined sensing solutions are designed to enhance security, personalization, productivity, and user experience, forming a scalable platform for AI-enabled devices. By running compact neural networks directly on-device, Elliptic Labs’ technology supports seamless integration across product generations while preserving privacy and minimizing power consumption.
Average Trading Volume: 462,945
Current Market Cap: NOK318M
For a thorough assessment of EIP stock, go to TipRanks’ Stock Analysis page.