FocalSpec - About the company
FocalSpec is an acqui-hired company based in Oulu (Finland), founded in 2009 by Sauli Tormala. It operates as a Line Confocal Imaging (LCI) technology based quality inspection solutions. FocalSpec has raised $3.76M in funding from Veritas and Nordic Option. The company has 16 active competitors, including 1 funded and 2 that have exited. Its top competitors include companies like Bq, ARTMYN and Cadre Research Labs.
Company Details
FocalSpec is a spin-off from VTT Technical Research Institute, Finland. It has developed and patented Line Confocal Imaging (LCI) technology which can be used for 3D surface profiling and layer characterization, dimension and thickness measurements, gloss measurements and quality inspection. The company claims that Line Confocal Imaging provides unique precision and resolution for speedy online measurements. Products offered include line confocal sensor(LCI401, LCI1200, LCI1201 & LCI1600) and optical inspection system(FocalSpec 3D Line Confocal Scanner UULA ,MP900 & MP9000).
- Website
- focalspec.com
Key Metrics
Founded Year
2009
Location
Oulu, Finland
Stage
Acqui-Hired
Total Funding
$3.76M in 2 rounds
Latest Funding Round
Ranked
3rd among 16 active competitors
Employee Count
13 as on May 31, 2026
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FocalSpec's funding and investors
FocalSpec has raised a total funding of $3.76M over 2 rounds. Its first funding round was on Mar 19, 2017. Its latest funding round was a Grant (prize money) round on Sep 30, 2021 for $*****. 1 investor participated in its latest round. FocalSpec has 5 institutional investors.
Here is the list of recent funding rounds of FocalSpec:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 30, 2021 | 3930927 | Grant (prize money) | 3888530 | 9656835 | 8370690 | 7699352 |
Mar 19, 2017 | 5419086 | Series A | 6370862 | 8617081 |
View details of FocalSpec's funding rounds and investors
FocalSpec's founders and board of directors
Founder? Claim ProfileThe founders of FocalSpec is Sauli Tormala.
Here are the details of FocalSpec's key team members:
- Sauli Tormala: Founder & CEO of FocalSpec. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of FocalSpec's Founder profiles and Board Members
FocalSpec's employee count trend
FocalSpec has 13 employees as of May 26. Here is FocalSpec's employee count trend over the years:
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FocalSpec's Competitors and alternates
Top competitors of FocalSpec include Bq, ARTMYN and Cadre Research Labs. Here is the list of Top 10 competitors of FocalSpec, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Designer and Manufacturer of Multimedia Devices | - | 55/100 | ||
2nd | ARTMYN 2015, Saint Sulpice (Switzerland), Acquired | SaaS-driven visual artwork digitization solution | $4.02M | 40/100 | |
3rd | Line Confocal Imaging (LCI) technology based quality inspection solutions | $3.76M | 31/100 | ||
4th | Cadre Research Labs 2010, Chicago (United States), Funding Raised | Provider of 3D scanning and analysis system for Firearm Forensics | - | 31/100 | |
5th | Matter and Form 2013, Toronto (Canada), Seed | Provider of multi-purpose desktop 3D scanners | $2M | 29/100 | |
6th | M3 portable 2013, Spain, Unfunded | Manufacturer of desktop 3D scanners | - | - | 28/100 |
7th | Developer of 3D scanning solutions for the part inspection for aerospace and automotive industry | - | - | 28/100 | |
8th | Xyken 2010, Mclean (United States), Funding Raised | Provider of 2D/3D imaging solution | - | 26/100 | |
9th | Provider of desktop 3D scanners | - | - | 24/100 | |
10th | Developer of 3D scanning device | - | - | 24/100 |
Looking for more details on FocalSpec's competitors? Click here to see the top ones
FocalSpec's Investments and acquisitions
FocalSpec has made no investments or acquisitions yet.
Reports related to FocalSpec
Here is the latest report on FocalSpec's sector:
News related to FocalSpec
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FocalSpec Joins LMI Technologies GroupPR Newswire•Nov 01, 2019•FocalSpec, TKH Group, LMI Technologies
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FocalSpec's New Optical Sensors for Inline Inspection Deliver Unrivaled Speed, Precision and Imaging CapabilityPR Newswire•Oct 02, 2019•FocalSpec
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Focalspec sensors capture 3D tomography at 27m data points per secondElectronics Weekly•Oct 02, 2019•FocalSpec
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FocalSpec Raises €3.5M in FundingFinSMEs•Mar 19, 2017•FocalSpec, VTT Ventures, Nordic Option, Veritas
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Ginolis and FocalSpec Enter Value Added Reseller AgreementBusiness Wire•Nov 11, 2016•Ginolis, FocalSpec
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