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 a high sensitivity and consistent performance from screen edge to edge.
“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,” Amelia Armour, EIS investment manager, Amadeus Capital Partners, said. “With this new investment, Cambridge Touch Technologies will be set to take advantage of this huge opportunity with its unique 3D Multi-Touch technology.”