NextInput, a US-based developer of technology for touch-enabled devices, has closed an $8m funding round backed by semiconductor technology producer Intel and electronic components manufacturer GoerTek Group.
The round, which was led by venture capital firm Sierra Ventures, follows a $1.5m round featuring Intel Capital, automotive parts supplier Takata Holdings, Band of Angels and angel investor Steve Nasiri in July 2015, and boosted the company’s overall funding to approximately $11.4m.
NextInput produces force-sensing technology to be used in touch-enabled devices. The funding will be used by NextInput to grow its team, while also increasing production capacity and developing the next iteration of its ForceTouch technology.
Ali Foughi, NextInput’s CEO and founder, said: “The market is ripe for the adoption of force-based 3D touch, for which NextInput has the best solution. The funding will allow us to scale the company and build significant value for our customers, employees and shareholders.”