Aito secures €2 million Series B financing to accelerate growth

Aito, a provider of piezo touch user interface technology, has raised €2 million from existing investors, including INKEF Capital iAmsterdam, the Netherlands, and Sirius EcoTech Fund Düsseldorf, a German venture capital fund investing in high growth technology companies. The investment will allow Aito to accelerate the global commercial rollout of its innovative touch solutions.

Aito is building its products and solutions based on Software Enhanced Piezo technology, SEP. SEP is a breakthrough piezoelectric sensing technology, which utilizes the properties of piezoelectricity in combination with highly advanced control software to create a new touch technology which is able to offer greater design freedom, reliability, simple implementation, and lower costs.

With the AitoChip, touch panel overlays can be designed from any material: glass, metal, plastic, wood, fabric or ceramic. This level of design freedom in combination with the functionality this technology offers (e.g. seamless panels that can be fully waterproof, and low-power operation) make the AitoChip well suited for a variety of applications, such as kitchen appliances, medical equipment, consumer electronics, and simple light switches.

Rene de Vries, CEO of Aito, commenting on the new funding round, said, “We welcome Sirius Venture Partners to our investor group and are proud of the continued support of our existing investors. This financing round enables us to accelerate our growth and our customer base.”

Johannes Peschko, partner at Sirius Venture Partners, will join Aito’s Supervisory Board. According to Peschko he believes there is tremendous potential for Aito’s solutions noting, “Market response to the launch of the AitoChip has been very positive, already resulting in many design-ins in the kitchen and consumer electronic markets. The recent addition of haptic feedback to Aito’s products will further boost the company’s growth. By working together with some of the leading global players in the electronics industry Aito can scale up very rapidly.”

www.aitochip.com

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