High-hover touchscreen startup raises Series A

September 22, 2020 //By Peter Clarke
High-hover touchscreen startup raises Series A
SigmaSense LLC (Austin, Texas) has raised $22 million in Series A round of financing in support of its touch-screen technology.

The company was founded in 2015 and uses a digital approach to capacitive imaging. The company claims this allows more time to do analysis, superior filtering, and a better signal-to-noise ratio. The technology works with multiple display and sensor types. The technology supports fast moving information on smaller screens and large area displays.

It also supports high-hover touchless gestures close to screens, which is one aspect that is attracting consumer electronics interest.

The funding round was led by Foxconn Technology Group with participation from Corning, former Dell CFO Tom Meredith and E Ink, according to Crunchbase. The Series A follows multiple seed rounds of funding and brings the total raised to about $28 million.

The company plans to use the funds to pay for the production of a controller IC that can be deployed within smartphones and tablet computers and transition to high volume.

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