AsianScientist (Jan. 6, 2014) – Tactus Technology, Inc. has closed the first portion of its Series B funding round with new investors from Asia joining existing investors.
Tactus is known for developing screens that transform from a flat touchscreen interface into a real physical three-dimensional interface when needed.
The new investors include Ryoyo Electric Corporation (Tokyo) and other financial investors in Asia. They join Thomvest Ventures and the other corporate investors who have reinvested in the Series B funding round.
“We are pleased by the validation from our new Asian investors of the progress we’ve made in the critical geographies for any panel-based technology,” said Dr. Craig Ciesla, CEO of Tactus. “Ryoyo and our other Asian investors have chosen to invest in Tactus as they see the market potential across the industry chain with a large part of the transactional value focused in Asia.”
In December of 2011, Tactus closed US$6M in Series A funding in a round led by Thomvest Ventures, with participation from other corporate and private investors. As part of the Series B round, Ryoyo will become the exclusive sales partner and distributor for Tactus components and display technology subsystems in Japan.
“We are excited to be leading this funding round for Tactus as we see the company continue to penetrate the mobile and CE device markets,” said Jonathan Barker, venture partner at Thomvest and a board member of Tactus. “This fact along with Tactus’ growing IP portfolio of 17 granted patents, and more than 45 patent applications still on file has reinforced our positive outlook for this revolutionary technology.”
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Source: Tactus Technology.
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