Canatu Oy, a Helsinki, Finland-based developer of 3D formable and stretchable films and touch sensors, raised €12 in funding.
Backers included new investors Denso Corporation and Ascend Capital Partners as well as existing investor Faurecia.
The company intends to use the funds to accelerate product development, further develop the mass production automatization, expand to new strategic product areas, and fasten global expansion, especially in Asia and Europe.
Led by Juha Kokkonen, CEO, Canatu develops and manufactures innovative 3D formable and stretchable films and touch sensors. These transparent and conductive films can be integrated into plastic, glass, textile or leather enabling 3D touch displays, smart switches and other intuitive user interfaces.
The company supplies these films and touch sensors to touch module vendors and OEMs in several industries, for example automotive and consumer electronics.
Canatu is headquartered in Finland, with sales locations in Europe, US, China and Taiwan, Japan and Korea.