Peratech, a specialist in force sensing technology, has secured an investment of $31.5 million. This significant funding round was led by Dark Matter Partners, with contributions from both new and existing investors.
The investment is aimed at advancing Peratech’s innovative tactile interface technologies, including its quantum tunnelling composite (QTC) force sensing system, Hydra user interface software, and haptic feedback systems. The funding will enable the company to expand its market share and enhance its product offerings.
Peratech, operating from North Yorkshire and County Durham, as well as China and Sweden, has successfully completed its second major funding round. The $31.5 million investment was spearheaded by Dark Matter Partners and supported through IP-secured debt. Additionally, $6.5 million in equity from new and existing investors was oversubscribed, highlighting strong confidence in the company’s technology.
Peratech’s technologies are being integrated into various products, ranging from keyboards and trackpads to gaming controllers. The company’s solutions are not limited to consumer electronics but extend into the automotive market, aiming to reduce driver distraction and enhance the user experience within vehicle cabins.
These technologies are designed to make user interfaces more intuitive and responsive. For example, Peratech’s force-enabled keyboards and haptic trackpads are engineered to provide a more engaging and efficient user experience.
Continued investment in Peratech’s technologies underscores the potential and scalability of its solutions in various high-demand sectors. The company’s consistent growth trajectory is a testament to its groundbreaking technologies and strategic business decisions.
Peratech CEO Jon Stark expressed that the company’s technologies make user interfaces intelligent, thus enhancing the usability of devices for all user types, from novices to professionals.
Scott Bell, joint managing partner at Dark Matter Partners, praised Peratech’s unique platform technology and IP foundations, stating that the investment is a testament to the company’s proven commercial traction in large markets.
With continued backing from investors and successful strategic partnerships, Peratech is well-positioned to lead advancements in user interface technology, benefiting a broad range of industries.
Peratech’s recent funding milestone is a significant endorsement of its innovative tactile interface technologies. The $31.5 million investment will support the company’s growth and development, enhancing its product offerings and market presence.
With continued backing from investors and successful strategic partnerships, Peratech is well-positioned to lead advancements in user interface technology, benefiting a broad range of industries.
