AAA SigmaSense grabs $24m in series B

SigmaSense grabs $24m in series B

SigmaSense, a US-based touch and touchless screen technology developer backed by a number of corporates, has closed $24m in series B funding from undisclosed investors.

Founded in 2015, SigmaSense develops high-end, touch-based sensitivity for screen displays, aiming to provide superior touch and pressure functionality, as well as technology for touchless interaction.

Proceeds from the round will go into further penetrating the touch and human machine interface market with a view to capitalising on the global display market, which the company claims exceeds $100bn in size.

SigmaSense secured $22m in a September 2020 series A round led by manufacturer Foxconn, which was joined by glass maker Corning, liquid crystal display maker LG-MRI, electronic display technology provider E Ink, inkjet technology producer Global Inkjet Systems and Tom Meredith, reportedly taking its total funding to $52m.

By Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the Global Venturing Review podcast.