|[March 17, 2014]
Top Ten MEMS Startup Qualtré Secures $8M Strategic Round
MARLBOROUGH, Mass. --(Business Wire)--
Qualtré, 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 Qualtré's
Qualtré will use the Series C financing to continue development of its
Bulk Acoustic Wave (BAW) MEMS sensor design and its High Aspect (News - Alert) Ratio
PolySilicon/Single-Crystal Silicon (HARPSS) process technology, which
have demonstrated benefits compared to alternative sensor technologies.
This differentiation sets Qualtré apart from other companies in the
rapidly growing market for inertial sensors, and is also the main reason
Qualtré was selected by EETimes as one of the top ten MEMS/Analog
start-up companies to watch in 2014.
Qualtré continues its partnership with Alps Electric, which was
announced in 2013. Qualtré and Alps Electric are working together to
launch Qaltré'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 Qualtré's BAW & HARPSS technologies.
The Series C investment will enable Qualtré 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. "Qualtré 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 Qualtré, Inc.
Qualtré 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
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