NextInput, an ATDC Select Company, said it raised $1.5 million in its latest funding round.
The company said this round of investors includes Intel Capital, Takata Holdings, Steve Nasiri, and the Band of Angels.
NextInput provides MEMS-based (Micro Electro Mechanical System) force-sensing solutions for touch-enabled devices in consumer products, as well as in wearable devices. Its technology also has applications in the Internet of Things and the automotive, industrial, and medical device sectors.
This latest round of investment will be used to commercialize NextInput’s ForceTouch, MEMS-based force sensing solutions. By sensing force, NextInput says its technology will disrupt the touch market and provide a more intuitive user experience to a broad range of applications. Some of the funds from this round also will be used to pursue strategic opportunities with Intel in consumer electronics product categories.
“We are excited to have Intel Capital, as a strategic investor, joining Takata Holdings, Steve Nasiri and the Band of Angels in our latest round of funding,” Ali Foughi, NextInput’s CEO, said in a statement. “With this round, the company has now raised $3 million in capital and will begin mass production of our ForceTouch solutions in the third quarter of calendar year 2015.”