10.31.19
Canatu Oy announced a capital raise of €15 million from a new investor, 3M Ventures, as well as existing investors DENSO Corporation – which pitched in €10 million – and Faurecia (€2 million).
“We are excited to be able to scale up our automotive business and mass production with our existing investors and to start expanding to new business and product domains with our new investor 3M. We will continue developing the award-winning Canatu products, IP and production technology to further improve our competitiveness,” said Juha Kokkonen, CEO of Canatu Oy.
“DENSO Corporation wants to be at the forefront of the development in future mobility, especially in advanced safety and autonomous driving," said Hirotsugu Takeuchi, head of Mobility Electronics Business Group, DENSO Corporation."...[W]e decided to further invest in Canatu because we trust that Canatu’s unique technology can make future’s driving safer and more comfortable experience. This technology can be used in several product areas, for example, AD/ADAS sensor must remain reliable in any weather conditions, and Canatu’s technology can keep sensors functional at all times. On the other hand, within the car interior, the technology enables new, innovative HMI solutions to the cockpit area and can be utilized to enhance DENSO’s cockpit architecture."
“We are excited to be able to scale up our automotive business and mass production with our existing investors and to start expanding to new business and product domains with our new investor 3M. We will continue developing the award-winning Canatu products, IP and production technology to further improve our competitiveness,” said Juha Kokkonen, CEO of Canatu Oy.
“DENSO Corporation wants to be at the forefront of the development in future mobility, especially in advanced safety and autonomous driving," said Hirotsugu Takeuchi, head of Mobility Electronics Business Group, DENSO Corporation."...[W]e decided to further invest in Canatu because we trust that Canatu’s unique technology can make future’s driving safer and more comfortable experience. This technology can be used in several product areas, for example, AD/ADAS sensor must remain reliable in any weather conditions, and Canatu’s technology can keep sensors functional at all times. On the other hand, within the car interior, the technology enables new, innovative HMI solutions to the cockpit area and can be utilized to enhance DENSO’s cockpit architecture."
