FlatFrog Laboratories AB, a Swedish developer of touch screen technologies, announced this week that it has closed a EURO 20 million funding round led by Intel Capital, with strong backing by Invus.
Intel Capital joins the existing investors Invus and Sunstone Capital. FlatFrog intends to use the funds to expand its team during 2012 in order to accelerate the development and commercialization of its multi-touch technologies for consumer electronics products in the personal computing ecosystem.
Christer Fåhraeus, CEO/Chairman and Founder at FlatFrog told us “Since we began developing our unique multi-touch technology more than five years ago, our goal has been to bring supreme multi-touch technologies to the mass market by providing flawless user experiences at affordable prices”.
He added “At the right price-points and with the right technology, we believe every screen in the world will be touch-enabled. This new investment round, and the collaboration opportunities created by teaming with Intel Capital, will allow us to run even faster to reach our goal.”
FlatFrog use sophisticated algorithms to track light travelling inside the cover glass of a screen, FlatFrog’s Planar Scatter Detection (PSD) technology provides instant and perfect detection of up to hundreds of simultaneous touches and drags.
This PSD technology is based on optics instead of the traditional capacitive electronic fields used in the vast majority of today’s high-end touch-enabled mobile devices – as a result, touch screens based on PSD detect not only input from bare fingers, BUT also from gloved fingers, passive styli and many other common objects such as pencil erasers.
Flatfrog was founded in 2007 by serial entrepreneurs Ola Wassvik and Christer Fåhraeus. The company holds more than 60 patent families in optical wave-guide touch technology. Recently, FlatFrog began shipping the first product based on its technology, the 32” FlatFrog Multitouch 3200, the slimmest high-performance 32” multi-touch screen in the market.