Canatu raises €15M funding from DENSO Corporation, 3M Ventures and Faurecia
Canatu Oy (Helsinki, Finland) recently announced a capital raise of €15M in total, from the new investor 3M Ventures, as well as the existing investors DENSO Corporation (leading the round) and Faurecia.
“We are excited to be able to scale up our automotive business and mass production with our existing investors and to start expansion to new business and product domains with our new investor 3M. We will continue developing the award-winning Canatu products, IP and production technology to further improve our competitiveness,” says Juha Kokkonen, CEO of Canatu Oy.
DENSO Corporation, a leading global automotive supplier, believes Canatu’s 3D technologies offer great product and business opportunities for the mobility technology of the future and therefore further invests in Canatu with €10M.
3M Ventures identifies and invests in highly innovative companies and disruptive new technologies with strategic relevance for 3M.
Faurecia, one of the world’s leading automotive technology companies, is convinced of the potential of Canatu’s unique formable touch sensors, which enable design freedom for its Cockpit of the Future. Faurecia wants to continue the technology and business relationship with Canatu through an additional investment of €2M. The investment is Faurecia’s third investment in Canatu, reflecting the long-term relationship and strong commitment to Canatu.
“DENSO Corporation wants to be in the forefront of the development in future mobility, especially in advanced safety and autonomous driving. We will further contribute to the development of automated driving technologies and deliver genuine peace of mind for the future of mobile society, by enhancing our long-cultivated sensing technologies as well as our AI and information technology. Based on this vision, we decided to further invest in Canatu because we trust that Canatu’s unique technology can make future’s driving safer and more comfortable experience. This technology can be used in several product areas. For example, AD/ADAS sensors must remain reliable in all weather conditions, and Canatu’s technology can keep sensors functional at all times. On the other hand, within the car interior, the technology enables new, innovative HMI solutions to the cockpit area and can be utilised to enhance DENSO’s cockpit architecture,” says Hirotsugu Takeuchi, head of mobility Electronics Business Group, DENSO Corporation.
“Faurecia is pioneering a comprehensive technologies offering that makes the cockpit of the future a reality today. Thanks to its versatile architecture and smart human machine interfaces (HMI), Faurecia’s cockpit will adapt to occupants’ use cases to ensure a personalised experience in all driving modes. We believe Canatu’s 3D materials can shape the interior design of the future’s cockpit,” says David Weill, interiors VP marketing & business development at Faurecia.
Caption: A concept cockpit from Canatu (photo: Canatu)