MILPITAS, Calif.–(BUSINESS WIRE)–NextInput Inc. announced today that the company has closed its latest fundraising round of US $1.5 Million. Investors include Intel Capital, Takata Holdings, Steve Nasiri and the Band of Angels, a premier Bay Area investment group.
This latest round of investment will be used to commercialize NextInput’s ForceTouch®; MEMS-based force sensing solutions. By sensing force, NextInput solutions will disrupt the Touch market and provide a more intuitive user experience to a broad range of applications. A portion of the funds will be used to pursue strategic opportunities with Intel in consumer electronics product categories.
“We are excited to have Intel Capital, as a strategic investor, joining Takata Holdings, Steve Nasiri and the Band of Angels in our latest round of funding,” says Ali Foughi, NextInput CEO. “With this round, the company has now raised US $3 Million in capital and will begin mass production of our ForceTouch solutions in the third quarter of calendar year 2015.”
About Intel Capital
Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11.4 billion in over 1,400 companies in 57 countries. In that timeframe, 211 portfolio companies have gone public on various exchanges around the world, and 366 were acquired or participated in a merger. In 2014, Intel Capital invested $359 million in 125 investments, including 59 new deals. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
NextInput, headquartered in the Silicon Valley, provides MEMS-based force-sensing solutions for touch enabled devices in Consumer, Wearable, IoT, Automotive, Industrial, Medical and other applications.
©2015 NextInput, Inc. All rights reserved. ForceTouch®
Source: NextInput Inc.
For Inquiries, Contact:
Ali Foughi, CEO