Mountain View, CA July 10, 2014: The Band of Angels and its affiliates have invested $500,000 in NextInput, a pioneer in force sensing touch technology for mobile, wearables, and many other Internet of Things sensing applications. The investment is part of the early stage technology company’s $1.5M bridge round, and will help NextInput achieve its next set of commercialization milestones for its touch technology, ForceTouch®. ForceTouch can be used in either standalone touch and force sensing applications or with projected capacitive touch solutions to give smartphones and tablets the ability to sense high-resolution force and pressure – a 3D touch solution called “ForceCap”.
“NextInput is thrilled to have such a well-respected investor in our current round,” says NextInput CEO Ian Campbell. “With Band of Angels members like Steve Nasiri, Kurt Petersen, and many others as active investors, our company now has access to a massive knowledge base and a network of seasoned entrepreneurs and executives to help us advance NextInput.”
NextInput was formed in early 2012 by two Georgia Tech graduates at the Advanced Technology Development Center (ATDC) in Atlanta, Georgia to pursue opportunities in the exploding $20B industry for touch technology. NextInput develops next generation touch input technology – force-sensitive touch technology for smartphones, tablets, laptops, wearables, home automation, and virtually any other electronic device. NextInput offers a complete touch solution called ForceTouch® to electronics manufacturers – proprietary sensors, firmware, and drivers for popular operating systems like Android. Upon completion of the current bridge round, NextInput will have raised $3M in outside capital and an additional $800K of NSF SBIR grants to commercialize ForceTouch in 2014.
For more information about NextInput, visit http://nextinput.com.
About Band of Angels
The Band of Angels is Silicon Valley’s oldest seed funding organization. The Band is a formal group of more than 130 former and current high tech executives who are interested in investing their time and money into new, cutting-edge, startup companies. Since 1994, the Band has seeded over 270 companies with 50 profitable M&A exits and 10 Nasdaq IPOs. Band members have founded companies such as InvenSense, Symantec, Logitech, and National Semiconductor and have been senior executives at the likes of Sun Microsystems, Hewlett Packard, and Intuit.
For more information about the Band of Angels, visit http://www.bandangels.com.