Tactus Technology Closes First Tranche of Series B Funding

Tactus Technology, Inc., a Fremont, CA-based provider of on-demand tactile surfaces for mobile devices, has closed the first tranche of its Series B funding round.

The amount of the deal was not disclosed.

New investors Ryoyo Electric Corporation (Tokyo), one of Japan’s leading electronics suppliers, and other financial investors in Asia, joined Thomvest Ventures and other corporate investors. As part of the Series B round, Ryoyo will become the exclusive sales partner and distributor for the company’s components and display technology subsystems in Japan. In December of 2011, Tactus closed $6m in Series A funding (read here).

Led by Dr. Craig Ciesla, CEO and co-founder, the company develops a dynamic user interface for mobile, computing, CE and automotive devices—physical buttons that rise up from a touchscreen surface on demand (find out how they hork here) and works with device manufacturers to integrate the Tactile Layer™ panel into a variety of touchscreen devices.

Tactus intends to use the funds to penetrate the mobile and CE device markets.



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