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Venture Capital News: Somalytics Raises $1.9M Seed Round

2022-08-30
SEATTLE, WA, Tech innovator Somalytics has received a seed funding of $1.9 million to launch mass production of its award-winning new sensor.
Made of a paper composite, it is the world's smallest nano-based capacitive sensor. The funding was led by hard science investment firm IP Group Inc. with support from WRF Capital. IP Group provided the initial investment for Somalytics that helped launch the company last year out of CoMotion, University of Washington's collaborative innovation hub.

Somalytics is bringing better sense to the digital world. The nanotechnology start-up is commercializing a patent-pending carbon-nanotube paper composite (CPC) capacitive sensor, which is a new technology developed by University of Washington researchers in collaboration with CoMotion. Somalytics' eye, gesture, touch and fluid monitoring sensors are miniature and highly sensitive to the human body. They are designed to improve the human experience through innovations in eye tracking, consumer electronics, AR/VR, the Internet of Things, health and wellness, and transportation.
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