Mississauga, ON, September 8, 2021 – Baanto International Ltd. is proud to join BDC Capital’s Intellectual Property (IP) Backed-Financing Fund. The Fund provides customized, patient capital in the form of debt, quasi-equity, and equity to scaling Canadian companies in knowledge-based industries. Joining the BDC Capital family will aid Baanto in expanding their R&D team, delivering new products into the industrial, medical, and military markets, as well as improving their logistics and manufacturing capabilities.
“Becoming a BDC Capital client is an incredible achievement for the entire team at Baanto,” says Av Utukuri, Chief Executive Officer, Baanto. “This is a testament to how hard the team has worked, especially during the pandemic. It will allow us to continue to keep our technology competitive and our customer’s needs at the forefront.”
Founded in 2009, Baanto’s mission has been to invent and commercialize next-generation touch screen products based on its proprietary ShadowSense technology. Touch screens based on this unique technology address many of the shortcomings of other competing technologies. ShadowSense based touch screens can easily scale in size from 10” diagonal to over 200” in size, perform without failure in mission-critical applications such as cockpit avionics and surgical instrumentation, and are capable of achieving the highest standards and certifications. Baanto has launched several industry-leading solutions using this trademarked ShadowSense technology and prides itself not only on an innovative product but also on outstanding customer service and support.
“We have witnessed how Baanto’s ShadowSense IP solves complex problems and creates long-term value for customers,” says Lally Rementilla, Managing Partner at BDC Capital. “This unique technology offers advantages for customers in the ruggedized and industrial fields. BDC Capital is proud to support a company that has such strong patent and technology leadership.”
Established in 2009, Baanto International Ltd., is based in Mississauga, Canada, and designs and manufactures ShadowSense, a unique optical positioning solution used in touchscreens. ShadowSense is globally known for its unrivaled responsiveness, robustness, and ability to detect object size and shape. Baanto ShadowSense has been granted 27 patents and has over 76 filed, covering 9 different patent families. Through various partner and integrator relationships, Baanto maintains a global presence and provides both custom and off-the-shelf touch solutions to a broad range of industries. For more information visit: www.baanto.com.
About BDC Capital
BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.