Bluetest AB

Bluetest AB offers specialized Over-The-Air (OTA) radio frequency testing solutions, leveraging patented technology to ensure optimal performance of wireless devices across multiple sectors, including telecommunications and automotive. Founded in 2000, Bluetest AB is based in Gothenburg, Sweden, and focuses on developing advanced radio frequency testing solutions for wireless technology. The company has not undergone any notable pivots in its strategy or operations. In November 2010, Bluetest raised SEK 6 million in a GROWTH funding round from ALMI Invest and K-Svets Venture, bringing the total amount raised to SEK 6 million.

The company has completed 2 deals to date. The CEO, Kjell Olovsson, has a history of leading initiatives in technology-driven environments, although further details on prior ventures are not provided. Bluetest specializes in Over-The-Air (OTA) radio frequency (RF) testing solutions that utilize patented reverberation chamber technology to simulate real-world multipath environments. The company’s core offerings include a range of reverberation chambers designed to validate wireless devices including MIMO, 5G, Wi-Fi 6/7, Bluetooth, and IoT devices.

These chambers facilitate rapid testing for total radiated power (TRP), total isotropic sensitivity (TIS), throughput, and antenna efficiency, typically delivering results within minutes and with minimal setup. Key applications span diverse sectors, including telecommunications, automotive, medical devices, and defense, with a client base exceeding 4,000 companies worldwide. The products are available in various geographical markets, including North America, Europe, and Asia, catering to manufacturers of wireless technology seeking to ensure optimal device performance in real-world conditions. In the most recent year, which is 2024, Bluetest reported a revenue of SEK 3,247,752.

20, alongside an EBITDA of SEK -1,157,354. 30. The revenue structure is based on service transactions related to their testing solutions, including direct sales of reverberation chambers and measurement services. Clients typically engage in B2B transactions, opting for either ownership of testing chambers or utilization of Bluetest’s facilities for testing services.

The company provides hands-on testing in their Gothenburg R&D lab as well as remote testing options. Additionally, the software platform Bluetest Flow is included with all chamber models to enhance the testing process. Pricing plans are structured according to the complexity and capability of the equipment, with flagship offerings like the RTS series targeting various market segments from compact IoT devices to larger base station testing needs. Moving forward, Bluetest aims to expand its product lineup with new innovations in testing technology, although specific product launch dates have not been disclosed.

The company is focused on expanding its reach into new markets, particularly targeting regions in Asia and North America by 2025. The recent GROWTH funding of SEK 6 million will support these initiatives, allowing for advancements in product development and market outreach efforts.