About SOMATIC
SOMATIC is a company based in New York (United States) founded in 2016.. SOMATIC has raised $13.83 million across 3 funding rounds from investors including Y Combinator and HAX. The company has 3 employees as of December 31, 2021.
- Headquarter New York, United States
- Employees 3 as on 31 Dec, 2021
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Somatic Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.83 M (USD)
in 3 rounds
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Latest Funding Round
$13.71 M (USD), Series A
Jan 31, 2025
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Investors
Y Combinator
& 1 more
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Employee Count
3
as on Dec 31, 2021
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Funding Insights of SOMATIC
SOMATIC has successfully raised a total of $13.83M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13.71 million completed in January 2025. 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 3
- Last Round Series A — $13.7M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - SOMATIC | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - SOMATIC | Valuation | Y Combinator |
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| Jun, 2018 | Amount | Seed - SOMATIC | Valuation | HAX |
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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 SOMATIC
SOMATIC has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Y Combinator and HAX. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Startups are accelerated via a 111-day program with seed funding.
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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 SOMATIC
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SOMATIC
| 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 |
Somatic Comparisons
Competitors of SOMATIC
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Somatic
Frequently Asked Questions about SOMATIC
When was SOMATIC founded?
SOMATIC was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is SOMATIC located?
SOMATIC is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of SOMATIC?
Michael Levy is the current CEO of SOMATIC.
Is SOMATIC a funded company?
SOMATIC is a funded company, having raised a total of $13.83M across 3 funding rounds to date.
How many employees does SOMATIC have?
As of Dec 31, 2021, the latest employee count at SOMATIC is 3.
What does SOMATIC do?
SOMATIC was founded in 2016 in New York, United States, and operates within the robotics sector focused on commercial cleaning solutions. Bathroom cleaning robots, designed as robotic arms attached to base stations, are provided for use in commercial settings. The companys activities center on developing and deploying these automated systems to address hygiene needs in public facilities.
Who are SOMATIC's investors?
SOMATIC has 2 investors. Key investors include Y Combinator, and HAX.