Pioneers festival finalist, tacterion gets 8-digit investment
Tacterion, Munich-based startup and one of the top 7 finalists of Pioneers Festival just got an 8-digit investment and will bring to market an amazing technology which can make any surface touch sensitive by adding a highly flexible layer. The impact on several industries like manufacturing and consumer goods are endless.
The German Aerospace Center (DLR) spin-off secures a long-term commitment by the growth-oriented family investment fund. In the coming years, substantial funds will be provided in order to provide the startup with a head start for its growth plans to become a profitable technology company.
tacterion develops and markets a completely stretchable tactile sensor technology, the result of years of research at DLR. By implementing this sensor skin technology surfaces of products and machines become touch-sensitive. Using this technology Human-machine-interaction can be designed more intuitive than ever before.
The funding provides the necessary environment to successfully introduce the revolutionary sensor technology sensor skin into mass-market applications like consumer electronics, automotive and robotics.
â€œWe are proud that we have convinced a German investor who is determined to push early-stage technology companies to a completely new level. We have very ambitious plans for the development of tacterion and we are sure we have found the perfect partner in this endeavor,â€œ saidÂ Michael Strohmayr, CEO/CTO of tacterion.
“The investment in this early phase of the company expresses our belief that research-based high technology needs adequate funding in order to be successfully commercialized. We see an enormous potential in the team and the technology they have developed.” saidÂ Unger Group in an official statement.
â€œThanks to the great feedback we got after being on the huge Pioneers stage, we were confirmed in aiming for high goals with tacterion. It was an amazing experience in Vienna as finalists in the Pioneers500 challenge, where our journey continued from the festival to the right investor and now our funding secured!” saidÂ Daniel Strohmayr, Co-CEO.
Building a company that combines excellent German engineering with a daring start-up culture
This also convinced the investors in the BayStartUP funding network. Alexander Becker, head of the BayStartUP funding network: â€œHardware startups with innovative enabling technologies like tacterion face tough challenges given their necessary investments.
This is why we keep close ties to investors even outside the regular realm of Venture Capital. With entrepreneurial vision, they are looking for radically innovative technologies. I am very happy that we could support this funding round by establishing targeted contacts.â€