Aito secures €6m for its haptic solutions - Business Leader News

Aito secures €6m for its haptic solutions

Aito has secured a new round of investment to support its continued growth and help the business further commercialise its finger sensing and haptic touch solutions.

This most recent round of investment totals €6 million – Aito’s largest to date – and was supported by current investors KBC Focus Fund, FORWARD.One and Innovation Industries as well as individual high net worth investors.

It will enable the company to extend its reach with new customers and into new laptop haptics applications, following the successful deployment of its haptic touch solution with a major global laptop manufacturer in 2022-3.

Aito’s patented technology delivers an accurate finger-sensing and haptic touch solution, enabling manufacturers of laptops and other consumer electronics to create new and engaging touch experiences for consumers.

Aito’s CEO, Nedko Ivanov, comments: “This additional funding round will help us capitalise on the significant interest in haptics across the consumer electronics market. As the technology matures, it continues to be applied to a wider number of products, delivering new and engaging experiences and providing product differentiation for OEMs.

“Companies that deploy Aito’s haptic solutions can create slimmer designs and enhance the user experience with zero compromise in terms of product performance.”

“In the past 12 months we’ve seen a growing interest in deploying haptic technology – both as a high-end differentiator in the laptop market but also as an engaging solution for other consumer electronics such as keyboards,” continues Nedko. “This funding round will help us to capitalise on new opportunities and further extend our customer base.”

Rudi Severijns of KBC Focus Fund comments: “Aito’s world-leading finger sensing and haptic touch technology provides the smartest and slimmest solution on the market. As the opportunities to deploy haptic technology expand, the company is perfectly placed to deploy its patented technology more widely in the consumer electronics market.

“This further investment demonstrates our belief in the market and reaffirms our commitment to Aito’s ongoing success.”