Cambridge Touch Technologies Closes Series A Funding Round
CAMBRIDGE, UK (PRWEB) December 06, 2016 -- Cambridge Touch Technologies (CTT), the company developing low cost 3D Multi-Touch technologies for smartphones and tablets, has successfully completed its Series A funding round from existing and new investors. The financial details of the investment were not disclosed.
The funds raised will be used to grow the Company’s technical and customer support teams, and to continue 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 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.”
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About Cambridge Touch Technologies
Cambridge Touch Technologies (CTT) was spun out from the University of Cambridge, the world-leading engineering and research centre. It has a growing IP portfolio covering all aspects of 3D Multi-Touch technologies, from system architectures to advanced signal processing and low power operation.
CTT supports its OEM and supply chain customers with IP, know-how, analogue and digital technologies, and advanced system architectures.
Read more at: http://www.camtouch3d.com
About Cambridge Enterprise
A wholly owned subsidiary of the University of Cambridge, Cambridge Enterprise Limited is responsible for the commercialisation of University intellectual property. It provides access to early stage capital through the Cambridge Enterprise Seed Funds, University of Cambridge Enterprise Funds and Cambridge Enterprise Venture Partners, and offers business planning, mentoring and related programmes. Activities include management and licensing of intellectual property and patents, proof of concept funding and support for University staff and research groups wishing to provide expert advice or facilities to public and private sector organisations. For more information, please visit http://www.enterprise.cam.ac.uk
About Amadeus Capital Partners
Amadeus Capital Partners is a global technology investor. Since its inception in 1997, the firm has raised over $1bn for investment and backed more than 100 companies in the software, mobile, internet, cyber security and medical technology sectors. The investment team is based in India, South Africa, Sweden, UK and USA, has deep experience in technology and invests in high-growth companies from early stage to pre-IPO.
Major businesses built by Amadeus include CSR, a connectivity, audio, imaging and location semiconductor company, now owned by Qualcomm; Solexa, the developer of next generation genetic analysis systems, merged into Illumina to create the world leader in gene-sequencing technology; Optos, the retinal imaging company, acquired by Nikon; ForeScout, a global enterprise security vendor; Octo Telematics, the provider of insurance telematics services acquired by Renova Group; and Tobii, the global innovator in eye tracking. For more information, please visit http://www.amadeuscapital.com
About Parkwalk
Parkwalk is one of the UK’s leading technology Enterprise Investment Scheme fund managers. Parkwalk Funds invest in high-growth, knowledge-intensive companies with a focus on technology and innovation primarily sourced from UK universities. Investments are made across the growth curve from early stage through to AIM-listed.
The firm also manage a series of early-stage funds in conjunction with the technology transfer offices of the universities of Cambridge, Oxford and Bristol.
For more information, please visit http://www.parkwalkadvisors.com
Corbin Church, Cambridge Touch Technologies Ltd, http://www.camtouch3d.com, +44 +44 (0)7923540695, [email protected]
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