NextInput said it completed its latest funding round of $8 million, led by Sierra Ventures and two strategic corporate investors. With its investment, Ben Yu, Sierra’s managing director will join Steve Nasiri, the founder of InvenSense, on NextInput’s Board of Directors.
NextInput, which markets next-generation pressure sensitive touch technology for smartphones, tablets, laptops, automotive touch zones, among other touch applications, is a Signature company of the Advanced Technology Development Center (ATDC).
During the next several months, the company will expand its team and increase production capacity in anticipation of customer production ramps. NextInput will also continue to innovate by developing the next generation of MEMS-based ForceTouch solutions.
“Successful completion of Series A is a major milestone and I am pleased to have high caliber investors such as Sierra Ventures, Intel Capital, and GoerTek Group Co. backing the company,” said Ali Foughi, NextInput’s CEO and founder. “The market is ripe for the adoption of force-based 3D touch, for which NextInput has the best solution. The funding will allow us to scale the company and build significant value for our customers, employees and shareholders.”
“We have confidence in NextInput’s team and are thrilled to lead their Series A round,” says Ben Yu of Sierra Ventures. “We believe NextInput’s innovative solutions will disrupt the multi-billion unit touch market.”