Cambridge Touch Technologies has raised an unspecified amount of cash in its Series A funding round, led by Cambridge Enterprise, Amadeus Capital Partners and Parkwalk Advisers.
The company, a spin out from the University of Cambridge, is developing 3D multitouch technologies for smartphones and tablets and claims its approach is simpler and lower cost than similar systems.
Dr Arokia Nathan, the company’s CTO and cofounder, noted: “We’ve demonstrated the scalability and robustness of our approach, which is based on the piezoelectric principle. The combination of 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.”
The company says it will used the cash to grow its technical and customer support teams and to continue commercialization of its technology.