This financing, says the company, will speed the development of its semiconductor and software solutions for a breakthrough generation of high-fidelity sensing data enabling new touch and touchless human-machine interactions. The company anticipates that its technology will show up everywhere - from in-person touchless order kiosks for the hospitality industry to home entertainment - including reimagined interactive at-home learning and work spaces.
The COVID-19 health pandemic has created a strong market demand for touchless technology to mitigate human contact and safeguard health. Its technology, says the company, will power all these scenarios and provide an "infinite" amount of vertical integration possibilities, including sensing in automobiles, consumer devices, medical products, and industrial applications.
The company says its technology enables all-new interactive user experiences with responsive controls on and above all surfaces, including non-display surfaces, at unprecedented speeds. Its SigmaDrive technology delivers 100X-1000X better signal-to-noise ratio (SNR), which translates directly to better performance, high-fidelity data, and improved user experiences, while its SigmaHover touchless multi-layer interaction uses high hover and multidimensional sensing above the screen.
The company says it dramatically reduces overall system costs by rapidly supporting new sensor materials while greatly improving performance and responsiveness - making it ideal for gaming interactions. New conductive polymers can now be used for touch sensors in both small and large screens providing flexible touch screens and lower system costs. At the same time, noise tolerance further improves performance for tabletop and industrial applications, the type of products that benefit from Corning's Gorilla Glass.
The funding round was led by Foxconn Technology Group with participation from strategic investors Corning, E Ink, GIS and MRI (managing partner of LG-MRI). Former Dell CFO Tom Meredith also participated in the round.
"This financing, and the powerful syndicate behind it, provide a strong endorsement of SigmaSense’s technology breakthrough and the impact across market opportunities," says Rick Seger, SigmaSense's CEO. "Our team has spent years developing new touch experiences that outpace