Rightware Raises $5.2 M With Inventure, Nexit Ventures And Finnish Industry Investment

    Headquartered in Espoo, Rightware, develops embedded User Interface (UI) technology and performance benchmarking tools for mobile, automotive and consumer electronics industries, and announced today that it has closed $5.2 million in fresh funding. The Series B is supported by prior backers Inventure and Nexit Ventures, and a new investor Finnish Industry Investment.

    The fresh investment will be used to further expand global sales. The money will also go on the continued development of their main product, the Kanzi UI Solution.

    Kanzi is a tool created to boosts designers and developers in creation of touch user interfaces for variety of different embedded devices. It offers a complete set of integrated technologies – UI engine, design tool and complementary libraries. Together they enable the high fidelity graphical user interface with 3D features, smooth animations, and versatile user interface effects. The patent-pending technology is already adopted by premium car manufacturers like Audi to build human machine interfaces inside their cars.

    After doubling its UI revenues in Q1 2013 compared to the same period in 2012, Rightware expects to further accelerate towards the end of the year. To fulfill its vision, the company needs to address the need of the growing embedded market. As Jonas Geust CEO of Rightware puts it, “We will be working closely with our customers as they push the boundaries and provide ever better user experiences.”