SensAble Receives $8,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=58b1f5fc-5499-4e09-adae-1473c415aed9&Preview=1 -
Date
3/8/2010 -
Company Name
SensAble -
Mailing Address
15 Constitution Way Woburn, MA 01801 -
Company Description
Founded in 1993, SensAble Technologies is a leading developer of 3D touch-enabled (force feedback) solutions and technology that allow users to not only see and hear an on-screen computer application, but to actually ‘feel’ it. The company evolved from undergraduate research done at MIT in the 1990s by industry pioneers Thomas Massie and Dr. Kenneth Salisbury. With 41 patents granted and over 8,000 systems installed worldwide, SensAble Technologies’ haptic technology is being used in applications ranging from surgical simulation and stroke rehabilitation, to dental restorations, to designing toys and footwear; as well as a range of research and robotic applications. The company markets its own 3D modeling solutions as well as its haptic devices and developer toolkits to medical, dental, design, and manufacturing companies; educational and research institutions; and OEMs. Additional information can be found at www.sensable.com. -
Website
http://www.sensabledental.com -
Transaction Type
Venture Equity -
Transaction Amount
$8,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The additional funding will allow SensAble to build upon its initial success in a sizable and growing market. -
M&A Terms
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Venture Investor
HLM Venture Partners -
Venture Investor
North Bridge Venture Partners
