The funds raised will be used to grow the Company’s technical and customer support teams, and to begin commercialization of CTT’s novel and patent-pending 3D Multi-Touch technology for next generation smart devices.
This funding round was led by existing investor Cambridge Enterprise, and included Amadeus Capital Partners and new investor Parkwalk Advisors.
Cambridge Touch Technologies is a spin-out company of the University of Cambridge and is poised to make 3D touch technology a standard feature on smart devices of all sizes. Its technology is simpler and lower cost than existing ‘3D’ touch systems, and will integrate easily into existing manufacturing lines.
Users of devices with CTT’s touch technology will be able to use one, two or more fingers for a richer user experience, and enjoy a high sensitivity and consistent performance from screen edge to edge.
“We are delighted to have the continued support of our existing investors Amadeus Capital and Cambridge Enterprise, and to welcome our new investor Parkwalk, as we execute our business strategy and enter the market in the near future”, said CTT’s CEO and co-founder Corbin Church. “The early engagement by OEMs and their supply chains has been tremendous, and we look forward to continue working with our customers in helping them achieve compelling and differentiated products, across a range of screen sizes and applications, using our low-cost 3D Multi-Touch technologies.”
Dr Arokia Nathan, CTO and co-founder of CTT added: “Working with our partners and customers, we’ve demonstrated the scalability and robustness of our approach which is based on the piezoelectric principle. The combination of CTT’s patent-pending analogue and digital technologies makes our solution highly implementable within existing projected capacitive touch architectures, which in turn can lead to widespread and rapid adoption using existing manufacturing processes.”
Amelia Armour, EIS Investment Manager, Amadeus Capital Partners, said: “The market for 3D touch screens is growing rapidly since its start in 2015 and will be nearly a billion devices a year by 2020. With this new investment, Cambridge Touch Technologies will be set to take advantage of this huge opportunity with its unique 3D Multi-Touch technology.”