Cambridge Contact Applied sciences, a spin-off of Cambridge College's multi-touch 3D know-how, as we speak introduced the latest shut of a $ 10 million Collection B financing spherical led by Kureha Company, elevating the entire quantity raised to just about $ 20 million. Parkwalk additionally participated within the new sequence, together with many different traders together with Downing Ventures, CM Ventures, Amadeus Capital Companions, Puhua Capital and Futaba Company.
Corbin Church, co-founder and CEO, says this money injection will gas the industrial launch of Cambridge Contact Applied sciences' merchandise and the growth of its groups within the UK, China, Taiwan and shortly Japan. As well as, he expects the connection with Kureha to strengthen the corporate's provide chain and create new choices for high-volume prospects.
"We’re delighted to welcome our new company and enterprise capital traders from Japan and China, in addition to proceed to profit from the unwavering assist of our present traders, who collectively type a gaggle of world class that can assist make Cambridge Contact Applied sciences evolve quickly. to take advantage of market alternatives for its know-how. Cambridge Contact Applied sciences has skilled fast development in recent times and we hope to proceed to execute our development plan and strengthen our advertising and marketing technique within the shopper electronics, automotive and automotive markets. from the trade. The partnerships we’ve and the injection of recent capital signifies that we will permit our prospects to start out deploying the know-how on a big scale within the close to future. "