TouchNetix AS to accelerate business growth

TouchNetix AS was formed in March 2021 by the merger of MyWo AS of Trondheim, Norway and TouchNetix Limited of Fareham, UK; companies which have worked together with a common strategy to develop next-generation touchscreen chips since 2016. The merger of the companies to form TouchNetix AS with TouchNetix Limited as a UK subsidiary, will allow the company to develop its workforce from around 40 employees across six countries to become a fully global organisation.

The demand for touchless UI’s and for fully featured touchscreen technology as application space has expanded beyond consumer electronics has accelerated significantly during 2020. The merged company becomes a fully capable semiconductor & systems house with design, manufacturing and deployment capabilities which surpass those of much larger companies in the application space.

“We are excited to be supported by such a strong base of investors as we launch our semiconductor capabilities and implement them across a broad range of global markets,” remarked Vegard Wollan, co-founder and CEO. “Existing touchscreen technology is widespread and highly successful but the demand for a full range of features including touch, touchless, force sensing, haptic control and 3D sensing is creating an entirely new level of demand which isn’t addressed by the incumbent providers”.

“The Series A round of funding following the merger of the two companies will provide a significant boost to our capabilities,” added Chris Ard, Co-founder & Managing Director, TouchNetix. “We look forward to expanding our global presence and to growing our customer base with our leading-edge capabilities in the coming years.”