Austin, Texas-based SigmaSense raised US$ 22M in Series A funding on 23 September 2020. Its total funding amount raised till now is US$ 23.5M.
The Series A was led by Foxconn Technology Group. Other participants in the round included strategic investors Corning, E Ink, GIS and MRI (managing partner of LG-MRI) and former Dell CFO Tom Meredith.
The funds raised as well as the investor relations will help SigmaSense to make its touch solutions the preeminent standard in the high-growth touch controller market. The funds will also be utilized to speed up the development of SigmaSense’s semiconductor and software solutions for a breakthrough generation of high-fidelity sensing data enabling new human-machine interactions.
Founded in 2015 by Rick Segar (CEO), Shawn Gray (COO), Troy Gray (VP) and Steve Sedaker (CMO). SigmaSense provides digital and fully-scalable sensing technology to solve the noise immunity and tuning challenges of traditional touch sensors. SigmaTouch Controller utilizes a breakthrough in Capacitive Imaging to transmit and receive for self-capacitance, mutual capacitance, and pen from a single pin.
SigmaSense’s unique Capacitive Imaging method has the potential to affect positive disruption across many industries where intuitive machine interfaces will decide the winners. SigmaSense technology provides information about interactions with mobile devices, large format interactive displays, and limitless custom sensing applications.
The team of SigmaSense believes that its technology will show up everywhere, from in-person touchless order kiosks to home entertainment, including reimagined interactive at-home learning and workspaces. This also includes sensing in automobiles, consumer devices, medical products and industrial applications.
SigmaSense provides a cost-effective overall system by rapidly supporting new sensor materials and improving performance and responsiveness, making it ideal for gaming interactions.
“This financing, and the powerful syndicate behind it, provide a strong endorsement of SigmaSense’s technology breakthrough and the impact across market opportunities, our team has spent years developing new touch experiences that outpace the market and will shift expectations across multiple multi-billion-dollar markets. From foldable phones to large-screen game tables, our new technology provides far better experiences” said Rick Seger, SigmaSense’s CEO.
What Investors have to say
“SigmaSense is delivering an exciting new sensing technology and we look forward to bringing some of their amazing touch capabilities to our interactive ePaper displays. E Ink is devoted to strengthening its ePaper ecosystem. With the collaboration with SigmaSense, E Ink will be able to offer new technology to our customers to enhance their products,” said Johnson Lee, CEO of E Ink Holdings.
“We’ve been the leader in building ruggedized outdoor displays for years, but with the shift to interactive digital signage, all new opportunities are emerging. SigmaSense performs reliably in rain, heat, or cold, which is an extreme engineering challenge. Simply put, they have nailed it, by providing reliable sensing through the thick, vandal-proof glass while wearing gloves,” said Bill Dunn, CEO of MRI.
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