Peratech said it has secured $31.5 million in its second major funding round on the confidence of the commercial traction of its user interface improvements to PCs and laptops.

Peratech has operations in Catterick Garrison, North Yorkshire, and in Sedgefield, County Durham.

The investment round was led by London-based Dark Matter Partners and anchored by IP-secured debt. Dark Matter Partners provide structured capital solutions to European technology companies.

The deal involves $6.5 million in equity from new and existing investors.

Peratech said it will use the proceeds “to accelerate profitable revenue growth in proven products using its QTC based force sensing, leading haptic feedback, and unique Hydra user-interface software.”

The firm said: “Peratech’s proprietary technology combines analog-like force sensing, consistently clear haptic feedback, and intuitive interface-control software to make PC products and the gaming and creative software that runs on them fundamentally easier, more engaging, and more accessible to use.

“Hydra user interface software adds AI-based user interface intelligence for higher scores, better productivity, and more creativity that a wide range of users can enjoy—from novice to pro.”

Peratech CEO Jon Stark said: “Our force sensing and haptic feedback technologies not only make industry-leading haptic trackpads and force-enabled keyboards, but our control firmware and software does something that no other user interface product can: it makes the user interfaces intelligent.

“We use that intelligence to make PCs fundamentally easier, more engaging and more fun to use for every user type—from novices to professional content creators and gamers.

“This financial injection is a major endorsement to the success we’ve had in making better user experience platforms on Notebooks PCs and Peripherals and enables us to capitalize on our commercial wins and scale up for market share.”

Peratech said it has secured commercial launches with key leaders in the electronics industry around keyboards, trackpads, and other controllers in the PC and gaming space.

Peratech also sells automotive interfaces that eliminate driver distractions and improve customer satisfaction through a safer, more engaging in-cabin environment.

Scott Bell, Joint Managing Partner, Dark Matter Partners, said: “Peratech has built a unique platform technology, with extremely strong IP foundations.

“They have proven commercial traction globally in large addressable markets. We believe in the management team and are excited to support their ambitions to scale up.

“We are also pleased to pioneer the ability of IP to act as the principal collateral in financing the technology leaders of the future.”