The funding was led by Mercia Ventures and the North East Venture Fund to help bring the non-invasive health sensor to market.
"A build-up of lactic acid causes muscles to seize up and athletes to suddenly ‘hit a wall’, but it’s hard for them to know when this will happen without measuring lactate levels. Fingerprick tests are uncomfortable, fiddly and not always accurate. Our device will overcome these problems and provide continuous monitoring, rather than a one-off measurement. This latest funding, together with our partnership with a major global chip manufacturer, will enable us to bring it to market."
The funding will accelerate the commercial launch of the company's personal computing and automotive product ranges.
"Our force sensing and haptic feedback technologies not only make industry-leading haptic trackpads and force-enabled keyboards, but our control firmware and software does something that no other user interface product can: it makes the user interfaces intelligent. We use that intelligence to make PCs fundamentally easier, more engaging and more fun to use for every user type—from novices to professional content creators and gamers. This financial injection is a major endorsement to the success we’ve had in making better user experience platforms on Notebooks PCs and Peripherals and enables us to capitalize on our commercial wins and scale up for market share."
Aramco Ventures, Dow and Kanoo Ventures led the financing round for the Cambridge monitoring technology firm.
"CorrosionRADAR is in a period of rapid growth, and we are leading the way with our predictive CUI monitoring solutions that safeguard critical assets and ensure the longevity of critical infrastructure."
The investment round was led by TELUS with participation from Venrex and Comprador Holdings.
"Waymap has set itself the goal of revolutionising how everyone accesses the world. It is a global undertaking and one that requires investors, like TELUS, that not only share our vision and values, but have the strength of expertise and know-how to make this achievable. At a time of reduced inward venture capital investment in the UK, we are so proud that we have bucked the trend. This is, in no small way, down to the strength of our team, who are totally dedicated to making our towns and cities accessible for everyone."
