Parkwalk has invested from two vehicles under its management after previously backing the Cambridge spinout in late 2016.
Cambridge Touch Technologies (CTT), a UK-based touch screen sensor spinout from University of Cambridge, secured an unspecified sum of funding on Monday from two vehicles managed by spinout-focused investment firm Parkwalk Advisors.
Parkwalk invested through University of Cambridge Enterprise Fund V, a partnership with the university’s tech transfer subsidiary, Cambridge Enterprise. Parkwalk also provided funding from its Opportunities Fund.
CTT has built a multi-finger input sensor for touch screens that combines artificial intelligence-based processing with improved piezoelectric sensor film for functionality and cost-efficiency.
The technology works with a range of screen sizes and shapes, including LCD and OLED display types. It senses both the location and force of touch screen interactions.
CTT has now moved into facilities at Cambridge Science Park after outgrowing its space in St John’s Innovation Centre. The spinout is commercialising work led by Arokia Nathan, chairman for photonic systems and displays in Cambridge’s Department of Engineering.
Cambridge Enterprise led CTT’s series A round of undisclosed size, which closed in December 2016 with contributions from Parkwalk Advisors and venture capital firm Amadeus Capital Partners, after Cambridge Enterprise and Amadeus had provided an unspecified sum of seed funding that February.
