This investment suggests that there is growing confidence in Peratech’s proprietary Quantum Tunnelling Composite (QTC) technology that enables more intuitive and safe human-machine interfaces (HMI), reducing accidental or false touches.
Commenting on the funding round Sven Harmsen, Investment Director with Merck Ventures said, “Leading Peratech’s round of financing underlines Merck Ventures’ ambition to invest in game-changing materials innovations. We are excited to see Peratech develop and commercialise a technology that has the potential to disrupt the way we use touch sensing in the mobile, automotive, industrial, and medical device markets. The timing is right as leading OEMs in these markets are starting to deploy innovative HMIs utilising force and 3D touch. Peratech’s technology is ready for commercial use and it can further scale its product engineering and manufacturing.”
“The strong financial backing from our new and current investors enables Peratech to accelerate new-product integration for market leaders in a variety of applications.” said Jon Stark, Peratech’s CEO.
Jon Stark, Peratech's CEO
According to Stark the investment will give the company the ability to,”not only commercialise current solutions, but to complete development of transparent and higher-resolution sensor technologies with new deposition modalities for a wider range of next-generation human-machine experiences.”