— New Funding To Accelerate Company’s Production Ramp Up with Leading Manufacturers
FREMONT, Calif., Jan. 22, 2015 /PRNewswire/ — Tactus Technology, Inc., the leader in on-demand tactile surfaces, today announced that it has closed its Series B funding round. Tactus’ dynamic surfaces are a dramatic innovation in the Touch 2.0 revolution that consumers and OEMs are eagerly awaiting: screens that transform a flat touchscreen into a real physical three-dimensional interface when needed.
This latest funding includes a new investor – IPV Capital, one of China’s leading early-stage technology investment firms, along with additional funding from existing investors. This second part of the Series B funding round was driven by an upcoming commercial launch and related production line integration with manufacturing partner Wistron. This capital influx brings the total capital raised by the company to approximately $30 million.
"We are excited by the momentum of our production ramp, and the acceleration that this additional funding provides towards bringing our technology to market and launching product this year," said Dr. Craig Ciesla, CEO and co-founder of Tactus. "IPV brings not only seasoned advisors as members of our board but also enables strategic contacts into some of the world’s largest and fastest growing potential customers."
"IPV Capital is delighted to participate in this funding round and work with the management team to bring this innovative technology to market," said Tiemin Zhao, Partner at IPV. "We see a tremendous opportunity for Tactus with the continued growth of mobile computing led by the emerging new leaders in the China market."
About Tactus Technology, Inc.
Tactus Technology is the developer of a breakthrough dynamic user interface for mobile, computing, CE and automotive devices — completely transparent physical buttons that rise up from and recede back into a touchscreen surface on-demand. Tactus works with device manufacturers to integrate the Tactile Layer™ panel into a variety of touchscreen devices. Tactus is headquartered in Fremont, CA.For more information, visit www.tactustechnology.com or follow @tactustech on Twitter®.
About IPV Capital
IPV Capital is an early growth venture capital fund that invests in high-growth technology sectors including software, cleantech, technology services and semiconductor. With offices in Beijing, Shanghai and Silicon Valley, IPV Capital brings its wealth of management and technology development experience to mentor a new breed of entrepreneurs with global aspirations. The IPV Capital team has a solid track record in successfully growing technology startups in China and beyond. For more information, see www.ipvcap.com.
Copyright © 2015 Tactus Technology, Inc. All trademarks and registered trademarks previously cited are hereby recognized and acknowledged.