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The company will continue to support the Morph, an award-winning, tablet-sized pressure sensor with swappable interface that is used by customers around the world
FREMONT, CA: Sensel, the California-based company building the next wave of touch technologies to revolutionize interaction with the digital world, has closed the second tranche of its Series A funding at $28 million valuation. The investors include Morningside Group, SMiT, Susquehanna International Group (SIG), Palm Commerce Holdings Co. Ltd, Chariot Gold Limited, Innolinks Ventures, and SV Tech Ventures. Sensel has raised over $38 million since it was founded in 2013. Waterwood Growth Technology, Green City Ventures Limited, u.life fund, CRCM Ventures, Tuesday Capital, Stanford-StartX Fund, and Inventec Corporation were among the earlier investors.
Sensel plans to use the fund to expand its production, customer support, and supply chain capabilities. It works with various OEMs to integrate its technology into the next-generation notebook, mobile phones, and more. The company will also continue to support the Morph, an award-winning, tablet-sized pressure sensor with swappable interface that is used by customers around the world.
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"Whether it's by replacing mechanical buttons on a and haptics, bringing force based sensing capabilities to notebook trackpads, or enabling touch functionality on wearables to work underwater or with gloves, Sensel is driving the next generation of user interfaces," said SIG Managing Director Joan Wang, who will be joining the company's board of directors soon. "We believe Sensel's high resolution and cost effective touch sensing solution will create a new era of innovations in human machine interfaces across industries, from gaming, to robotics, industrial machinery, and medical equipment" he added.
Sensel's patented touch technology presents two functions in a single, ultra-thin sensor: position reporting with great accuracy, and force sensing with the capability to measure force from 1g to 5kg independently for each contact point. Responding to any object (styli, paintbrushes, fingernails), it works in any virtual environment (underwater, with heavy gloves), and enables new factors (foldable, flexible). It integrates behind a flexible AMOLED display, steering wheel, a non-display touchpad, or any surface area where a high-resolution force sensing experience is needed.
"Since Sensel's founding in 2013, we've worked tirelessly to create a sensor that outperforms existing touch technologies on every metric and at a lower overall cost," says Sensel Co-founder and CEO Ilya Rosenberg. "This financing brings us closer to our ultimate goal of improving how people experience the products they rely on every single day."
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