Cambridge Touch Technologies, provider of piezoelectric UltraTouch multi-force-and-touch technology to the consumer electronics, automotive, industrial and military markets, has announced it has closed a $10 million Series B funding round.
The round was led by Kureha Corporation of Japan, a leading global supplier of specialty chemicals and plastics including piezoelectric polymer film, together with participation from existing investors Parkwalk, Downing Ventures, CM Ventures and Amadeus Capital Partners, and new investment from Chinese venture capital firm Puhua Capital and Japanese automotive touch panel firm Futaba Corporation. The University of Cambridge is also an existing investor.
CTT has developed a multi-force-and-touch solution that combines sophisticated algorithms together with advanced materials called UltraTouch. IIt solves nagging, lingering problems that users experience with touch screens (e.g. being able to use a touch screen properly whilst out in the rain) as well as bringing entirely new functionality and experiences to consumers (e.g. creating realistic virtual buttons for the modern car’s interior smart surfaces; or using the touch screen of a water-resistant smartphone underwater to capture that unforgettable photo in the pool).
This Series B investment allows the Company to continue its planned commercial rollout of UltraTouch technology together with its strategic launch partners. .
Corbin Church, CEO and co-founder of Cambridge Touch Technologies said: “We’re delighted to welcome our new corporate and VC investors from Japan and China, as well as having the continued strong support of our existing investors, who together form a world-class group that will help scale CTT quickly to exploit the market opportunity for its technology.
“CTT has grown rapidly over the last several years, and we’re looking forward to being able to continue executing on our growth plan and sharpening our commercialisation focus within the consumer electronics, automotive and industrial markets. The partners we have and the injection of new capital means we can expect to enable our customers to begin rolling out the technology at scale in the near future.”