Touchscreen tech firm closes $10m funding round
Cambridge Touch Technologies, a provider of modern touchscreen technology, has secured $10m in a funding round led by Japanese specialist supplier Kureha Corporation.
The round was also supported by Chinese VC firm Puhua Capital and existing investors.
The investment will be used to fuel the commercial rollout of the start-up’s products and will power its expansion in the UK, China, Taiwan, and eventually Japan.
The company’s product, called UltraTouch, sits on top of a screen to register touch and force via a film with an electrical charge. The technology can be used in rain and underwater.
The technology uses its own AI to sense force as well as touch on wide varierty of modern screens, including those that are curved or foldable.
Its consumer product is the first of a larger market offering by the company, which is also targeting the electronics, automotive, industrial and military industries.
The latest round brings the firm’s total investment to $20m.
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.”