About Forciot
Forciot is a company based in Tampere (Finland) founded in 2015.. Forciot has raised $4.58 million across 2 funding rounds from investors including Volvo Cars, Heraeus and Gentherm. Forciot offers products and services including In-Cabin Sensing Solutions, Logistics Solutions, FORCIOT® GRIP, Automotive Steering Wheel Solutions, and Seat Sensor Solutions. Forciot operates in a competitive market with competitors including Whisker Labs, InvenSense, Dryad Networks, Sensel and Libelium, among others.
- Headquarter Tampere, Finland
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Forciot Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.58 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Volvo Cars
& 2 more
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Employee Count
Employee Count
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Products & Services of Forciot
Forciot offers a comprehensive portfolio of products and services, including In-Cabin Sensing Solutions, Logistics Solutions, FORCIOT® GRIP, Automotive Steering Wheel Solutions, and Seat Sensor Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sensors for car interiors to detect force and enhance user interaction
Technology to measure load and balance for operational optimization
Stretchable electronics for integrating into various surfaces
Sensors that turn steering wheels into interactive smart surfaces
Sensors for seats to improve safety and user experience
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Funding Insights of Forciot
Forciot has successfully raised a total of $4.58M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(29 Jan 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Forciot | Valuation | Gentherm |
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| Jan, 2019 | Amount | Series A - Forciot | Valuation | Heraeus , Volvo Cars |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Forciot
Forciot has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Volvo Cars, Heraeus and Gentherm. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Major automotive components are manufactured and supplied to the aftermarket.
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Founded Year | Domain | Location | |
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Materials for multiple industries are developed by Heraeus.
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Founded Year | Domain | Location | |
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Automobiles and related products are manufactured by Volvo Cars.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Forciot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Forciot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Forciot Comparisons
Competitors of Forciot
Forciot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Whisker Labs, InvenSense, Dryad Networks, Sensel and Libelium, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of sensor hardware and software infrastructure
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| domain | founded_year | HQ Location |
MotionTracking sensor system on chips with integrated motion and sound solutions
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| domain | founded_year | HQ Location |
Wildfire detection and forest monitoring networks and platforms are developed.
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| domain | founded_year | HQ Location |
Pressure-sensitive multi-touch sensors are manufactured for input applications.
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| domain | founded_year | HQ Location |
Provider of cloud-based open-source wireless sensor fusion systems
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| domain | founded_year | HQ Location |
Delivers comprehensive MEMS motion sensor solutions for smart and wearable devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Forciot
Frequently Asked Questions about Forciot
When was Forciot founded?
Forciot was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Forciot located?
Forciot is headquartered in Tampere, Finland.
Is Forciot a funded company?
Forciot is a funded company, having raised a total of $4.58M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.58M, raised on Jan 29, 2019.
What does Forciot do?
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.
Who are the top competitors of Forciot?
Forciot's top competitors include Whisker Labs, Dryad Networks and EnOcean.
What products or services does Forciot offer?
Forciot offers In-Cabin Sensing Solutions, Logistics Solutions, FORCIOT® GRIP, Automotive Steering Wheel Solutions, and Seat Sensor Solutions.
Who are Forciot's investors?
Forciot has 3 investors. Key investors include Volvo Cars, Heraeus, and Gentherm.
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