Aito will use the €2.5m investment to fuel the growth of its innovative HapticTouch Technology in automotive and mobile computing applications.
Amsterdam, July 11th. Aito has secured a €2.5m investment from Innovation Industries and existing shareholders in July this year. The €2.5m investment will be used to fuel further growth of Aito’s innovative HapticTouch technology in the automotive and mobile computing industries.
“We are very excited about our investment in Aito”, says Nard Sintenie, General Partner at Innovation Industries, who joins the supervisory board. “We believe that Aito’s superior technology is able to improve touch interfaces of familiar products such as smart phones or car infotainment systems. With this investment, we look forward to helping Aito scale up their global business.”
Peter Kurstjens, CEO of Aito stated: “Innovation Industries, with their experience in the high-tech industry, can help us to further strengthen our leading position in piezo-based sensing and actuation solutions”.
Haptics are seen as an essential element to enhance the user interfaces of today’s consumer products. Whether as notification of input on smart phone touch screens or as replacement of traditional buttons in car interiors, haptic technologies will be found in billions of electronic devices in the coming years.
Aito’s HapticTouch is the world’s only solution that provides accurate and precise feedback by combining touch sensing and haptic actuation into one single package. In doing so Aito’s HapticTouch achieves the thinnest form factor and lowest power consumption available.
Aito is a frontrunner in the global human interface market. Their touch and haptic feedback controllers provide a best-in-class user experience for products such as smartphones, laptops and car infotainment systems. Aito’s unique and patented technology is developed by a world-class team of engineers in Helsinki and sold to global customers by the sales and application team based in Amsterdam.
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About Innovation Industries
Innovation Industries is an independent venture capital fund which aims to support Dutch tech ventures by providing both funding as well as hands-on guidance. In order to help Dutch tech ventures succeed, Innovation Industries has partnered with four technical universities (Eindhoven, Twente, Delft and Wageningen) as well as applied research institutes (TNO).
The Innovation Industries Fund is supported by private and institutional investors such as PME and InnovFin Equity. InnovFin Equity with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
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