About Somalytics
Somalytics is a company based in Seattle (United States) founded in 2021 by Jaehyun Chung and Vigneshwar Sakthivelpathi.. Somalytics has raised $1.9 million across 1 funding round from investors including IP Group and Washington Research Foundation. Somalytics offers products and services including SomaSleep Eye-Tracking Sleep Mask and Capacitive Sensors. Somalytics operates in a competitive market with competitors including Synaptics, SigmaSense, Egis Technology, Neonode and Melfas, among others.
- Headquarter Seattle, United States
- Founders Jaehyun Chung, Vigneshwar Sakthivelpathi
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Somalytics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.9 M (USD)
in 1 rounds
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Latest Funding Round
$1.9 M (USD), Seed
Aug 03, 2022
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Investors
IP Group
& 1 more
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Employee Count
Employee Count
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Products & Services of Somalytics
Somalytics offers a comprehensive portfolio of products and services, including SomaSleep Eye-Tracking Sleep Mask and Capacitive Sensors. 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.
Wearable mask that tracks eye movement for sleep monitoring and analysis.
Tiny sensors detecting human presence for HMI and safety applications.
Funding Insights of Somalytics
Somalytics has successfully raised a total of $1.9M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.9 million completed in August 2022. 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 1
- Last Round Seed — $1.9M
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First Round
First Round
(03 Aug 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Somalytics | Valuation | IP Group |
| 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 Somalytics
Somalytics has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IP Group and Washington Research Foundation. 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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Venture capital and advisory services are offered across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to US companies across sectors.
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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 Somalytics
| 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 - Somalytics
| 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 |
Somalytics Comparisons
Competitors of Somalytics
Somalytics 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 Synaptics, SigmaSense, Egis Technology, Neonode and Melfas, 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 |
Capacitive touchpad components are supplied for electronic devices and products.
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| domain | founded_year | HQ Location |
Capacitive sensing solutions for presence, movement, and pressure are manufactured.
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| domain | founded_year | HQ Location |
Fingerprint IC sensors and biometric software solutions are provided.
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| domain | founded_year | HQ Location |
Optical sensing technology is developed to enable contactless touch surfaces.
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| domain | founded_year | HQ Location |
Capacitance-based touch sensors are developed for mobile devices and tablets.
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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 Somalytics
Frequently Asked Questions about Somalytics
When was Somalytics founded?
Somalytics was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Somalytics located?
Somalytics is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Somalytics?
Vigneshwar Sakthivelpathi is the current CEO of Somalytics. They have also founded this company.
Is Somalytics a funded company?
Somalytics is a funded company, having raised a total of $1.9M across 1 funding round to date. The company's 1st funding round was a Seed of $1.9M, raised on Aug 03, 2022.
What does Somalytics do?
Somalytics was founded in 2021 and is based in Seattle, United States. Carbon nanotube-based capacitive touch sensors are developed by the company for detecting human tissue. These sensors are manufactured on paper, enabling low-latency and high-speed performance. Operations focus on applications in human-machine interaction, wearable technology, and eye tracking within the sensor technology sector.
Who are the top competitors of Somalytics?
Somalytics's top competitors include Synaptics, Egis Technology and Neonode.
What products or services does Somalytics offer?
Somalytics offers SomaSleep Eye-Tracking Sleep Mask and Capacitive Sensors.
Who are Somalytics's investors?
Somalytics has 2 investors. Key investors include IP Group, and Washington Research Foundation.
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