TouchNetix Positioned for Accelerated Growth After Successful Financing

  • TouchNetix raised 120 MNOK (USD 12M) in private placement.
  • Success in global markets with the unique aXiom user interface chips and technology for touchscreens and smart touch surfaces.

Trondheim, Norway, 30th November 2022 – TouchNetix AS, a rapidly growing provider of next generation human machine interface (HMI) semiconductor chips and sensor modules, today announced the closure of a 120 MNOK ($12M) financing. Existing and new shareholders who participated in the financing include Alliance Venture, Bergan, Calypso Invest, Djerv Holding, Fyrva, Investinor, Investitude, LER Invest, Motor-Trade Eiendom & Finans, R. Munkhaugen, Reitan Kapital and Wiski Capital (alphabetical order). Sparebank 1 Markets was the company’s financial advisor in the transaction.

TouchNetix is a global leader in advanced HMI technology, providing intuitive and safety-enhancing user experiences for touchscreens and smart touch surfaces. Such surfaces include touch-pads, rotary dials, door handles, steering wheels and other dashboard and control function areas in vehicles. The growing family of automotive qualified aXiom chips offers high-performance 2D touch sensing and additional 3D sensing features such as touchless operation and force-sensing.

TouchNetix is a fabless semiconductor and systems company with complete design and manufacturing support capabilities, servicing its customers from prototyping to volume manufacturing. The funds from the emission will be used to further expand the company’s R&D, manufacturing support operations, and sales and customer support services as the touch HMI markets continue to rapidly grow and develop.

“We are delighted to be supported by such a strong base of investors, and that we continue to experience such a high level of interest in TouchNetix despite the challenging economic environment”, said Vegard Wollan, Co-Founder and CEO of TouchNetix. “At TouchNetix we are committed to innovating intuitive and safety-enhancing touchscreens and touch surfaces, ultimately achieving better user experiences for the end user in all touch and touchscreen applications and markets. Our technology and solutions are increasingly selected by leading electronics equipment makers and car manufacturers when designing their next generation vehicle cockpits.“

The aXiom family of user interface chips (AX54A, AX80A, AX112A and AX198A) are in production and available now. Demonstration, evaluation, and development kits for all chips are available, as well as the Chrominance sensor module family of products. The aXiom chips are qualified according to AEC-Q100, and the product family is being ASIL-B ready certified.

Please visit https://www.touchnetix.com/ for further information.

Company Background Info

TouchNetix is a global leader in creating innovative and safety-enhancing user experiences based on touch technology. The aXiom product family creates new and innovative features for modern product development. TouchNetix manufactures chips and touch sensor modules for a world-wide customer base with offices in Norway, United Kingdom, Germany, USA, Korea, Taiwan and through several distribution partners.

TouchNetix’ aXiom chips are designed for the Automotive, Appliance, Medical, and other market’s touch and touchscreen user interfaces. aXiom enables touchless and 3D sensing above the surface as well as force-sensing touch alongside traditional multi-touch capabilities.

TouchNetix has decades of experience with capacitive touch technology and has a proven track record delivering to a global customer base. 

TouchNetix is QMS certified to ISO 9001 with an IATF-16949 certified supply chain.

 

Press Contact:

Asa Mallon

Marketing and Communications Coordinator – TouchNetix

Tel: +47 922 62 148

Email: asa.mallon@touchnetix.com

TouchNetix successfully showcased its technology and solutions at Electronica 2022.

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