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Jury orders Apple to pay Taction Technology $5.7 billion in patent infringement verdict, the largest in U.S. history.
Amount Raised
$5.7 Billion
Round Type
Venture
San DiegoInformation TechnologySoftwareGamingDescription
A San Diego jury has ruled that Apple owes haptics specialist Taction Technology $5.7 billion for patent infringement related to the Taptic Engine technology used in iPhones and Apple Watches. The case centers on two U.S. patents for tactile transducers that produce vibrations in the bass frequency range. The jury found Apple infringed both patents but did not find willful infringement, preventing enhanced damages
Fundz sees it the moment Taction Technology raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Taction Technology raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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