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AUSTIN, TX / ACCESSWIRE / October 6, 2021 / SigmaSense LLC, a global leader in touch sensor performance, announced today that it has closed a $ 24 million Series B financing. The company intends to use this funding round to expand its reach in the touch and human machine interface (HMI) markets with a significant impact on the global display market of over $ 100 billion. As part of the capital increase, the company has appointed long-time semiconductor veteran Aurelio Fernandez to its board of directors.
Fernandez’s experience will help support SigmaSense’s rapid scaling over the next 18 months as the company leverages its semiconductor and software solutions in a wide range of sensor applications ranging from automobiles, cell phones and laptops to digital signage and Kiosks are enough.
“SigmaSense has a breakthrough technology that will transform many sensor markets over the next few years,” said Fernandez. “I’ve seen a lot of leaps in performance over the years, but a real 100 to 1,000 fold increase in signal-to-noise ratio will create many new sensor markets in the years to come.”
Fernandez worked in the semiconductor industry, most recently as a startup investor. Early in his career, Fernandez helped establish Broadcom as its first VP of Worldwide Sales, the period during which Broadcom grew from $ 35 million to over $ 1 billion in revenue in three years. Prior to Broadcom, he held sales positions at Exar Corporation, IC Works, VLSI Technology and Intel. Fernandez holds a Masters of Business Administration from Florida Atlantic University and a BS in Electrical Engineering from the University of Florida.
David French, an existing board member of SigmaSense, added: ‘I am delighted to have Aurelio join the board; Together we can use our extensive semiconductor networks to scale the company. In my long career with several of the leading mixed-signal industry leaders, I haven’t seen many breakthroughs on this scale. This new funding, when combined with the technology, talent, leadership and intellectual property protection, should position SigmaSense very well. ‘
About SigmaSense
SigmaSense, a global leader in touch sensor performance, delivers the best user experiences for products ranging from cell phones and laptops to large monitors and digital signage. SigmaSense is pioneering digital transformation sensor technology that offers software-defined sensors with significantly improved SNR performance. The capacitive imaging technology from SigmaVision® offers contact, pressure and object recognition on the sensor surface and thus enables a new generation of interactive and appealing perception devices. SigmaHover® offers a superior touchless experience for public displays and all other devices that use touch sensors. SigmaSense is headquartered in Austin, Texas and provides semiconductor products with software, development tools and support. More information is available at www.sigmasense.com.
SOURCE: SigmaSense
View source version on accesswire.com:
https://www.accesswire.com/666963/SigmaSense-Closes-24M-Series-B-Funding-Round
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