Forciot - About the company
Forciot is a series B company based in Tampere (Finland), founded in 2015 by Maria Alm, Tytti Julkunen, Jarmo Heittokangas, Petri Järvinen and Mikko Turunen. It operates as a Provider of IoT-based flexible pressure sensor components for multiple industries. Forciot has raised $4.58M in funding from investors like Gentherm, Heraeus and Volvo Cars. The company has 852 active competitors, including 96 funded and 54 that have exited. Its top competitors include companies like Whisker Labs, Canatu and Atomionics.
Company Details
Provider of IoT-based flexible pressure sensor components for multiple industries. It develops IoT-based flexible pressure sensors that can be employed in wearable and industrial applications. Their sensors can be integrated to monitor parameters like force distribution, load balance, motion, among others. It has applications in shoes for athletic performance tracking, logistics and automotive to optimize load balancing and prevent fluttering of machine components, among others.
- Website
- www.forciot.com/
- Social
- Email ID
- *****@forciot.com
- Phone Number
- +358 **********
Key Metrics
Founded Year
2015
Location
Tampere, Finland
Stage
Series B
Total Funding
$4.58M in 2 rounds
Latest Funding Round
Ranked
44th among 852 active competitors
Employee Count
27 as on Jul 01, 2024
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Forciot's funding and investors
Forciot has raised a total funding of $4.58M over 2 rounds. Its first funding round was on Jan 29, 2019. Its latest funding round was a Series B round on Sep 03, 2021 for $*****. 1 investor participated in its latest round. Forciot has 4 institutional investors.
Here is the list of recent funding rounds of Forciot:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 03, 2021 | 4498924 | Series B | 4654542 | 3657193 | 1039743 | 8999388 |
Jan 29, 2019 | 2871876 | Series A | 5860158 | 6105557 | 7417117 |
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Forciot's founders and board of directors
Founder? Claim ProfileThe founders of Forciot are Maria Alm, Tytti Julkunen, Jarmo Heittokangas, Petri Järvinen and Mikko Turunen.
Here are the details of Forciot's key team members:
- Maria Alm: Co-Founder & CEO of Forciot.
- Tytti Julkunen: CBO & Chairman of the Board of Directors, Co-Founder of Forciot.
- Jarmo Heittokangas: Co-Founder of Forciot.
- Petri Järvinen: Co-founder and CTO of Forciot.
- Mikko Turunen: Co-Founder of Forciot.
View details of Forciot's Founder profiles and Board Members
Forciot's employee count trend
Forciot has 27 employees as of Jul 24. Here is Forciot's employee count trend over the years:
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Forciot's Competitors and alternates
Top competitors of Forciot include Whisker Labs, Canatu and Atomionics. Here is the list of Top 10 competitors of Forciot, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Whisker Labs 2014, Oakland (United States), Acquired | Provider of sensor hardware and software infrastructure | $250K | 67/100 | |
2nd | Developer of advanced carbon nanotube materials for industrial applications | $75.3M | 61/100 | ||
3rd |  Atomionics 2018, Singapore (Singapore), Seed | Developer of quantum gravity sensing and AI-powered 3D modeling technology | $14.6M | 60/100 | |
4th | Provider of nano-material based sensing solution | $22.1M | 60/100 | ||
5th | Xsensio 2014, Lausanne (Switzerland), Series A | Provider of wearable biosensors | $11.6M | 60/100 | |
6th | Synaptec 2014, Glasgow (United Kingdom), Series A | ODeveloper of optical fiber-based sensors to measure voltage and current | $12.4M | 58/100 | |
7th | Developer of IoT enabled wireless hardware devices for industrial applications | $7.03M | 57/100 | ||
8th | Omni Design Technologies 2015, Milpitas (United States), Series A | Ultra low power semiconductor IP cores | $35M | 57/100 | |
9th |  OmniVision 1995, Santa Clara (United States), Acquired | Manufacturer of analog and mixed-signal ICs and sensors | - | 56/100 | |
10th | Vishay Precision Group 2010, Malvern (United States), Public | Developer of force measurement solutions for industries | $25M | - | 56/100 |
44th | Provider of IoT-based flexible pressure sensor components for multiple industries | $4.58M | 44/100 |
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Forciot's Investments and acquisitions
Forciot has made no investments or acquisitions yet.
Reports related to Forciot
Here is the latest report on Forciot's sector:
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