NewHaptics Raises Growth Capital From The Accelerate Blue Fund
Summary
This represents the Companys first round of venture funding, and is a meaningful milestone towards commercializing an affordable refreshable braille and tactile graphics display. "This investment complements the funding we have raised from government grants, and enables us to continue improving the capabilities and performance of our product and prepare for its commercial launch. ""ABF was created to support companies like NewHaptics," said Don Manfredi, Associate Director of Ventures at U-M Innovation Partnerships. It supports the Companys mission to improve information access for people who are blind and enable them to reach information parity with their sighted counterparts, particularly in Science, Technology, Engineering and Mathematics (STEM) fields.About NewHapticsNewHaptics was founded with the goal of improving the lives of people who are blind by enabling true digital interaction using the sense of touch. The company has its roots in the affectionately named "Holy Braille Project" that focused on developing novel technology to enable the creation of a large-area tactile display for the blind.