MARLBOROUGH, MA, Leading developer of next generation silicon MEMS inertial sensors, announced today that it has finalized an $8 million Series C strategic round.
Qualtre, Inc., the leading developer of next generation silicon MEMS inertial sensors, announced today that it has finalized an $8 million Series C strategic round of investment from a new strategic investor and from Matrix Partners and Pilot House Ventures, contributors to Qualtre's previous rounds.
Qualtre will use the Series C financing to continue development of its Bulk Acoustic Wave (BAW) MEMS sensor design and its High Aspect Ratio PolySilicon/Single-Crystal Silicon (HARPSS) process technology, which have demonstrated benefits compared to alternative sensor technologies. This differentiation sets Qualtre apart from other companies in the rapidly growing market for inertial sensors, and is also the main reason Qualtre was selected by EETimes as one of the top ten MEMS/Analog start-up companies to watch in 2014.
Qualtre continues its partnership with Alps Electric, which was announced in 2013. Qualtre and Alps Electric are working together to launch Qualtre's first product - a 3-axis gyro targeting the industrial market. This product will show best-in-class performance on a number of characteristics - such as performance resistant to vibration and shock - at a 2x price/performance advantage. The demonstrated performance of this product, along with this Series C financing, provide validation of the strength of Qualtre's BAW & HARPSS technologies.
The Series C investment will enable Qualtre to execute its strategy of developing inertial sensor products for high-end markets and leverage the versatility of its BAW & HARPSS technologies for the consumer market. Using its HARPSS process to provide a cost reduction path, the company will realize its mission of enabling next generation consumer applications like indoor navigation, location-aware services, and optical/electrical image stabilization at the lowest system-level cost. 'MEMS has emerged as one of the major innovation trends,' commented Edgar Masri, President & CEO of Qualtre. 'Qualtre is uniquely positioned to enable the next generation of sensor-based applications like location-based services, driver-assisted vehicles, and the Internet of Things due to the combination of our disruptive BAW & HARPSS technologies and our highly skilled engineering team.'
About Qualtre, Inc.
Qualtre is leading the commercialization of highly differentiated, Bulk Acoustic Wave MEMS motion sensors for consumer, industrial and automotive applications. The versatility of its patented BAW sensor design and cost/size scalability of its High Aspect Ratio Polysilicon/Single-Crystal Silicon (HARPSS) process technology enables superior price/performance and environmental tolerance to address the design challenges of a broad range of next generation applications. The company is headquartered in Marlborough, Massachusetts. Learn more by visiting www.Qualtre.com
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