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Qeexo closes USD2.3m in Series A funding

Mon, 02/06/2014 - 06:22

Touch technology specialist Qeexo has closed its Series A funding round with USD2.3 million, led by Sierra Ventures.

Qeexo will use the funding to accelerate market adoption of FingerSense, the company's mobile software which distinguishes between touchscreen input from a fingertip, knuckle, nail or stylus. 
"OEMs are always looking for software innovation that will radically improve the way devices are used, while adding power and simplicity simultaneously," says Sang Won Lee, Qeexo co-founder and CEO. "The current state of touch technology is not the pinnacle of the touchscreen experience. Multi-touch has been around since 2007 and we're elevating the touch experience beyond just swiping multiple fingers across the screen. FingerSense is the first solution in this new rich-touch era."
FingerSense was developed by a research team at Carnegie Mellon University, led by Qeexo co-founder and chief technology officer Chris Harrison.
"Qeexo is an example of taking innovations from the lab, refining them based on market need and opportunity, and bringing them into the public eye as commercial products," says Harrison. "We've always had an interest in touch technologies. But the disparity between our hands' capability in the real world and the digital world is significant, and researchers are constantly working to close that gap. We've made a great step in that direction with FingerSense."
The new funding will allow Qeexo to expand its engineering and business development teams and begin to deploy and raise market awareness for its patented FingerSense technology. The company is currently in discussions with a number of mobile device manufacturers to embed FingerSense into their devices or license the software.

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