Cambridge-founded touchscreen sensor manufacturer CTT has added $10m from investors including chemicals firm Kureha to its coffers.

Cambridge Touch Technologies (CTT), a UK-based touchscreen sensor manufacturer spun out of University of Cambridge, yesterday closed a $10m series B round led by specialty chemicals and plastics supplier Kureha. Parkwalk Advisors, the fund management division of commercialisation firm IP Group, also took part alongside automotive touch panel supplier Futaba, Puhua Capital, Downing Ventures, CM Ventures and Amadeus Capital Partners. Founded in 2011, CTT has developed a multi-finger piezoelectric touch input sensor dubbed UltraTouch that acts as the interface in smartphones and other touch-controlled devices. The product exploits an artificial intelligence-driven engine to operate with different touchscreen sizes without the need for multiple piezoelectric sensors. CTT has spent the last year putting together demonstration products for its target markets, which include automotive and heavy industry. The series B capital will drive recruitment at CTT’s headquarters and its Asia-based sales offices, while Kureha’s involvement is anticipated to enhance the spinout’s supply chain in line with the commercial release of its product. Parkwalk joined University of Cambridge’s tech transfer arm, Cambridge Enterprise, Amadeus Capital Partners, Downing Ventures and China Materialia for CTT’s $5.5m series A1 close in June 2018, after a March 2018 round of undisclosed size backed by Parkwalk Opportunities Fund and University of Cambridge Enterprise V, with the latter a Parkwalk-managed vehicle run on the university’s behalf. Cambridge Enterprise had previously led a series A round of undisclosed size for CTT in December 2016, with contributions from Parkwalk and Amadeus, after the TTO had joined Amadeus for a seed round of unspecified size in February the same year.

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