Qualtré Inc., a Marlborough, Massachusetts-based consumer electronics focused motion sensor supplier, has raised an additional $10m in venture capital.
Investors include Matrix Partners and Pilot House Ventures.
The company intends to use the capital for product launch, expansion of sales and supply chain infrastructure, and development of new products based on its proprietary multi-axis bulk acoustic wave (BAW) MEMS gyroscope technology.
Founded in 2008 and led by CEO Edgar Masri, Qualtré offers solid-state silicon MEMS motion sensor solutions for consumer electronics initially targeting applications in game controllers, mobile handsets, digital still and video cameras, 3D remote controls for audio/visual devices, and portable navigation systems.
The company’s product development efforts build upon research conducted by its founder and Chief Technology Officer, Dr. Farrokh Ayazi, at Georgia Tech’s Integrated MEMS Laboratory.
FinSMEs
09/07/2011