SAN JOSE, Calif.--(BUSINESS WIRE)--NextInput, Inc. announced today that the company has completed its latest funding round of US $8.0 Million, led by Sierra Ventures and two strategic corporate investors. With their investment, Sierra’s Managing Director Ben Yu will join Steve Nasiri, the founder of InvenSense, Inc., on NextInput’s Board of Directors.
Over the next several months, the company will expand its world-class team and increase production capacity in anticipation of customer production ramps. NextInput will also continue to innovate by developing the next generation of MEMS-based ForceTouch® solutions.
“Successful completion of Series A is a major milestone, and I am pleased to have high caliber investors such as Sierra Ventures, Intel Capital and GoerTek Group Co., Ltd. backing the company,” says Ali Foughi, NextInput CEO and Founder. “The market is ripe for the adoption of force-based 3D touch, for which NextInput has the best solution. The funding will allow us to scale the company and build significant value for our customers, employees and shareholders.”
“We have confidence in NextInput’s team and are thrilled to lead their Series A round,” says Ben Yu of Sierra Ventures. “We believe NextInput’s innovative solutions will disrupt the multi-billion unit touch market.”
About NextInput
NextInput, Inc., headquartered in the Silicon Valley, provides MEMS-based force-sensing solutions for touch enabled devices in Consumer, Wearable, IoT, Automotive, Industrial, Medical and other applications.
©2015 NextInput, Inc. All rights reserved. ForceTouch®
