The company said that it intended to leverage the funding round to expand its reach in the touch and HMI (Human Machine Interface) markets. As part of the capital raise, the company also announced the appointment of long-time semiconductor veteran Aurelio Fernandez to its Board of Managers.
Fernandez’ industry experience is seen as helping with the rapid scaling of SigmaSense over the next 18 months as it looks to deploy its semiconductor and software solutions across a wider range of sensing applications spanning automotive, mobile phones, and laptops to digital signage and kiosks.
“SigmaSense has a breakthrough technology that is on the verge of transforming many sensing markets in the next few years,” said Fernandez. “I’ve seen many jumps in performance over the years, but seeing a real 100-1,000X leap in signal-to-noise ratio will remake and create many new sensing markets in the years to come.”