Existing investors Parkwalk Advisors, Cambridge Enterprise and Amadeus Capital Partners participated in the round, and were joined by new investors China Materialia of Shanghai and Downing Ventures of London.
CTT uses a transparent piezoelectric film on display surfaces to enable multi-finger 3D touch and it is claimed that once in volume production it will be a fraction of the cost of existing approaches. The technology detects both position and the force applied.
CTT states it is "engaged with leading OEMs, touch and display panel manufacturers, touch controller IC makers and auto component suppliers for mass adoption of its technology in the near future."
"We are pleased that the progress we have made in key elements of the technology, and with major customers in Asia, has allowed us to attract investment from that region, which is highly strategic for our commercialization plans and roll-out," said Corbin Church, CEO of CTT, in a statement.
Patrick Berbon, managing partner of China Materialia, said: "We feel that CTT’s AI-based signal processing algorithms and specialized piezoelectric force films, could enable a simple low-cost sensor architecture that delivers superior functionality, and scales to all device sizes, shapes and, flexible and foldable forms, and open up exciting new applications on these devices."
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