TactoTek secures $60M in funding led by Virala Group
Summary
IMSE solutions integrate electronic functions – such as lighting, touch controls, and antennas – within 3D injection-moulded structures. This approach results in lightweight, thin, and durable smart surfaces that provide greater design freedom and sustainability than traditional electronics in practically any industrial vertical, including medical, consumer products, defence, automotive, and aerospace. • Automotive: enhancing vehicle interiors with integrated control panels, ambient lighting, and smart surfaces that reduce weight and assembly complexity; • Consumer electronics: enabling sleek, functional designs with embedded touch controls and illuminated branding features in devices like audio equipment and wearables; • Industrial applications: providing durable, efficient solutions for control systems and interfaces in challenging environments; • Defence: developing ruggedised electronic components that meet stringent military standards for performance and reliability; "This $60 million funding round is among the largest private financings in the Finnish and European deep tech space during 2024 and the family controlled Virala Group was honoured to lead the round with a significant investment," said Anders Dahlblom, incoming Chairman of TactoTek, and COO of Virala Group. “Our investment reflects the market traction of TactoTek’s IMSE technology across multiple industries, including the defence sector, and its secure, highly-protected, intellectual property foundation. TactoTek and their IMSE technology are poised for rapid growth.” “In today’s business climate growing businesses that succeed over time must combine capability to meet market needs, with strong environmental performance,” stated Kari Lehtonen, Portfolio Manager at Elo Mutual Pension Insurance Company.