Cambridge Touch Technologies Ltd., a Cambridge, UK-based provider of piezoelectric UltraTouch multi-force-and-touch technology to the consumer electronics, automotive, industrial and military markets, closed a $10m Series B funding round.
The round, which brought total amount raised to nearly $20m, was led by Kureha Corporation of Japan, with participation from existing investors Parkwalk, Downing Ventures, CM Ventures and Amadeus Capital Partners, and new investment from top Chinese venture capital firm Puhua Capital and Japanese automotive touch panel firm Futaba Corporation. The University of Cambridge is also an existing investor.
The company intends to use the funds for planned commercial rollout of UltraTouch technology together with its strategic launch partners.
Led by Corbin Church, CEO and co-founder, CTT has developed a solution that combines algorithms together with advanced materials – called UltraTouch to provide a sensor architecture used in any touch-capable smart device, regardless of the device’s size or type. It 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). UltraTouch can also be used for the ultra-chic ‘buttonless’ style phones, wearables and for the new foldable phones now coming to the market. It can turn the display ON and OFF automatically when the foldable phone is opened or closed – without the need for additional external components – saving power and extending battery life.