A company that has developed technology that could replace car dashboard controls and transform the way appliances are operated has raised £3m in its latest funding round.
Uniphy, which is based in Leeds and has a research and development centre in Swindon, secured the cash from existing investors NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), and Mercia’s own funds.
Uniphy’s ‘smart surfaces’ enable controls to be built into 3D panels of any shape so users can find the right function by touch alone. According to the company, it offers a safer option than car touchscreens as it allows drivers to keep their eyes on the road.
The tech has already been trialled by automotive giant Hyundai and Spain's Grupo Antolin, which are exploring ways to incorporate it into their vehicles.
It is understood the latest investment, which brings the total raised by the firm to more than £13m, will allow Uniphy to develop its own integrated chip in preparation for mass manufacturing and miniaturise its tech for use in mobile applications.
Jim Nicholas, chief executive of Uniphy, said: "As humans we spend much of our lives interacting with machines – on our mobiles, in our cars or our homes – but the limitations of current controls can make it a frustrating experience. Uniphy’s technology offers designers the freedom to create new, more intuitive interfaces and transform the way we engage with machines."
Uniphy was established by microelectronics experts David Lomas and David Dean a decade ago and now employs 15 staff. The business says it expects to create five new jobs in the next 12 months.
David Baker of Mercia Ventures said: “Uniphy’s disruptive technology could be a game changer. Having spotted its potential at an early stage, we are pleased to continue supporting the company as it prepares for mass production.”
Lizzy Upton, senior investment manager at the British Business Bank, added: "Leeds, and indeed the North of England, have long been at the centre of new technological innovation. That’s why it’s important that we continue to inspire and support founders to develop technology that can make a real difference to everyday life.
"The team at Uniphy are doing exactly this, and I can’t wait to see what other innovations will come out of our region over the coming years.”
