Baanto Inc., a Mississauga, Ontario, Canada-based developer of touch sensing solutions, completed a $6m Series C funding.
The round was led by Difference Capital, a publically listed, Toronto based specialty finance company.
The company intends to use the funds to continue to expand its marketing, sales, and operations efforts as well as enhancing its range of advanced touch technology products.
Led by Avanindra Utukuri, Executive Chairman, and Joe Kotas, President, Baanto leverages a proprietary and patented technology (ShadowSense™) to provide touch capability to customer products in industrial, medical, kiosk, gaming, and digital signage market segments.
The company is developing products incorporating both active and passive implementations of its technologies for touchscreens and interactive white boards in sizes ranging from 8″ to over 267″.
Baanto has a direct and partner presence in North America, South America, Europe, and Asia, enabling it to provide its customers with proven technical and sales support worldwide.
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04/10/2010: Baanto Closes Series A Financing Round