Qualtre has secured an additional $10 million in venture funding round for the launch of its product. The institutional venture capital investors in the transaction were Matrix Partners and Pilot House Ventures.
The funding will facilitate product launch, increase in sales and supply chain infrastructure as well as be used for the expansion of next-generation products based on their proprietary HARPSS MEMS process. The Marlborough, Massachusetts-based company is a supplier of motion sensors for consumer electronics.
Click here for the release from PR Newswire.