THANK YOU FOR SUBSCRIBING
The funding raised the total capital of UlttraSense Systems to $24 million. The company plans to use the newly raised capital to leverage operations and widen its business reach
Fremont, CA: UltraSense Systems, the creator of touch user interface technology using 3D ultrasound for cars, smartphones, IoT , home appliances, and medical devices, has raised $20 million in its Series B round of financing. The Series B funding round was led by Artiman Ventures and Robert Bosch Venture Capital, and saw participation from Hui Capital, Sony Innovation Fund, Abies Ventures, and Asahi Kasei Corporation. The funding raised the total capital of UlttraSense Systems to $24 million. The company plans to use the newly raised capital to leverage operations and widen its business reach.
"We believe UltraSense's technology is a game changer in the way products can be designed and how consumers will interact with their devices," said Amit Shah, partner of Artiman Ventures. "In such a short period of time, the company has clear traction at multiple customers in several key markets, enabling designers to provide unique user experiences like never before."
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Last month, UltraSense introduced the world's first ultrasound system-on-a-chip sensor that allows touch sensing through virtually any material of any thickness.
Company founder and CEO Mo Maghsoudnia wish to see Ultrasense products hit the market later this year as more portable OEMs are in active evaluation of the firm's technology. UltraSense Systems makes ultrasonic user experiences with highly localized, precise, and buttonless interfaces that "bring surfaces to life".
Luis Llovera, managing director of North America for Robert Bosch Venture Capital added, "We see great potential in the adoption of UltraSense's unique ultrasound sensor enabling new industrial designs required to support 5G mmWave antenna technology for handheld devices and next-generation automobiles, providing aesthetically minimal and cleaner interiors for EV and shared vehicles by eliminating physical buttons."
"With a number of the top mobile OEMs in active evaluations and/or deployment of our technology, we expect to see products in the market later this year," said Maghsoudnia."This funding will enable faster execution and growth in addition to better support for our strategic customers in the United States and greater Asia, added he."
More in News