A Leeds-based company whose technology could replace dashboard controls in cars and transform the way we operate appliances has raised a further £3m to help prepare for mass production.
Uniphy has secured funding 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. It offers a safer option than touchscreens in vehicles as it allows drivers to keep their eyes on the road, and it is more slick and hygienic than buttons, as well as being cheaper to produce.
The technology has already been successfully trialled by Hyundai and Grupo Antolin, which are now exploring ways to incorporate it into their vehicles. The fresh investment will now enable Uniphy to develop its own integrated chip in preparation for mass manufacturing and miniaturise its technology for use in mobile applications.
It uses standard manufacturing processes, which keep costs down and are highly recyclable. It also works in the presence of liquids, which makes it suitable for marine cockpits or domestic hobs and washing machines.
Uniphy was founded by microelectronics experts David Lomas and David Dean in 2015. The latest round brings the total it has raised to date to over £13m. The company, which also has a research and development centre in Swindon, now employs 15 staff and expects to create five new jobs in the year ahead.
Jim Nicholas, CEO 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.”
David Baker of Mercia Ventures added: “From cars to consumer electronics and industrial machines, manufacturers are seeking ways to enhance user experience and differentiate themselves. 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, said: “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.”
