The investment is part of a $1.5 million bridge round, and will help NextInput achieve its next set of commercialization milestones for its touch technology called ForceTouch. Upon completion of the current bridge round, NextInput will have raised $3 million in outside capital and an additional $800,000 of NSF SBIR grants to commercialize ForceTouch in 2014.
ForceTouch can be used in either stand-alone touch and force sensing applications or with projected capacitive touch solutions to give smartphones and tablets the ability to sense high-resolution force and pressure. In this format NextInput markets the technology as ForceCap.
The company claims it can provide a tactile, force or pressure sensitive method of interfacing with virtually any electronic device. Steve Nasiri, founder of InvenSense, is on the board of directors, and serial MEMS entrepreneur Kurt Petersen serves on the company's technical advisory board.
"With Band of Angels members like Steve Nasiri, Kurt Petersen, and many others as active investors, our company now has access to a massive knowledge base and a network of seasoned entrepreneurs and executives to help us advance NextInput," said Campbell in a statement.
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