Peratech, a key player in touch sensor technology, has secured $31.5 million in funding, signaling strong investor confidence.
- The funding round was led by Dark Matter Partners, a significant contributor to Peratech’s future ambitions.
- Peratech aims to enhance its force sensing and user interface technologies with the new financial backing.
- The firm works with major electronics companies, integrating its tech into various consumer and automotive products.
- Peratech’s CEO expresses optimism about scaling up operations and increasing market presence with this investment.
Peratech, renowned for its advancements in touch sensor technology, has successfully raised an investment of $31.5 million. This funding round, led by Dark Matter Partners, underscores significant confidence from investors in Peratech’s innovative technologies. The secured capital is expected to propel the development of Peratech’s pioneering products including its quantum tunneling composite (QTC) force sensing system, which enables devices to detect applied force, and its advanced Hydra user interface software.
This strategic investment comes as a major milestone for Peratech, enhancing its ability to develop technologies that are used in a broad array of consumer electronics and automotive industries. With operations spanning North Yorkshire, County Durham, China, and Sweden, the firm is well-positioned to leverage this new financial support. The funds are set to amplify the firm’s research and development, particularly within its facilities at NETPark in County Durham.
Peratech’s cutting-edge technologies have already gained traction with leading players in the electronics industry. Its tactile interface technology is instrumental in developing keyboards, trackpads, and gaming controllers. Furthermore, Peratech interfaces for the automotive market aim to minimize driver distractions and enhance the cabin environment’s user-friendliness. This versatility in their technology underscores Peratech’s potential to significantly impact diverse sectors.
In expressing optimism about this funding opportunity, Peratech CEO Jon Stark emphasized the firm’s aim to revolutionize user interface products. Stark articulated that their force sensing and haptic feedback technologies not only produce industry-leading trackpads and force-enabled keyboards, but also bring an unprecedented level of intelligence to user interfaces. This intelligence enhances the ease and engagement of PC use, serving a wide range of users from novices to professional content creators and gamers.
Scott Bell, joint managing partner at Dark Matter Partners, acknowledged the robust intellectual property underpinning Peratech’s platform technology and the company’s proven commercial success in large, addressable markets. Bell remarked on the firm’s solid management and their ambition to scale up, a vision supported by the innovative use of IP as collateral in financing.
The $31.5 million investment is set to fortify Peratech’s position as a leader in touch sensor technology, driving further innovation and market growth.
