Amazing news regarding a startup receiving funding!
Finnish company Canatu, received a whopping €12 million in funding at Slush, at the Sino Track side event which focuses on the Chinese markets. Canatu specializes in bendable and 3D formable touch sensors and transparent conductive films. These can be used, for example, in the car industry for different equipment and gadgets such as touch screens and switches. Among the investors are international giants Denso Corporation, Ascend Capital and Faurecia.
Juha Kokkonen, the CEO of Canatu says that with the funding they are aiming to get into the Japanese, Chinese and European markets. With this funding, they can speed up their product development and receive strong partnerships. Canatu is currently building an autonomous robot product line, and now they will be able to finish it. The funding is one of the highest amount granted for an early-stage startup this year, in Finland.
Congratulations Canatu! Looking forward to hearing more from this company and their adventure they set upon!
Photo by Jussi Hellsten