About Touchlab
Touchlab is a company based in Edinburgh (United Kingdom) founded in 2018 by Zaki Hussein.. Touchlab has raised $4.8 million across 1 funding round from investors including Octopus Ventures, Creator Fund and Techstart Ventures. The company has 8 employees as of December 31, 2023. Touchlab offers products and services including Touch Sensor Layer. Touchlab operates in a competitive market with competitors including Wootzano, tacterion, Xela Robotics, Contactile and FlexoSense, among others.
- Headquarter Edinburgh, United Kingdom
- Employees 8 as on 31 Dec, 2023
- Founders Zaki Hussein
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Sectors
TechnologyIndustrial Goods & Manufacturing
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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 Touchlab Limited
- Date of Incorporation 06 Sep, 2018
- Jurisdiction RICCARTON, SCOTLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.8 M (USD)
in 1 rounds
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Latest Funding Round
$4.8 M (USD), Seed
Jul 07, 2022
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Investors
Octopus Ventures
& 2 more
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Employee Count
8
as on Dec 31, 2023
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Products & Services of Touchlab
Touchlab offers a comprehensive portfolio of products and services, including Touch Sensor Layer. 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.
Enables robots to perceive touch for environmental interaction and feedback
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Creative and Marketing Team
2 people
Leadership Team
2 people
Founder Team
1 people
Staff Team
1 people
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Funding Insights of Touchlab
Touchlab has successfully raised a total of $4.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.8 million completed in July 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 — $4.8M
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First Round
First Round
(07 Jul 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - Touchlab | Valuation | Octopus Ventures |
| 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 Touchlab
Touchlab has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Octopus Ventures, Creator Fund and Techstart Ventures. 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 investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are managed by Creator Fund.
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Founded Year | Domain | Location | |
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Early-stage investments are provided by Techstart Ventures.
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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 Touchlab
| 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 - Touchlab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Touchlab Comparisons
Competitors of Touchlab
Touchlab 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 Wootzano, tacterion, Xela Robotics, Contactile and FlexoSense, 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 |
Developer of robotic systems for packing post-harvest fresh produce items
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| domain | founded_year | HQ Location |
Force-based printed touch sensors are manufactured for robotic skins.
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| domain | founded_year | HQ Location |
Tactile sensors for robotic hands and grippers are supplied.
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| domain | founded_year | HQ Location |
Force-based touch sensors for robotic skins are manufactured.
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| domain | founded_year | HQ Location |
Customizable flexible sensors for industrial applications are provided.
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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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Frequently Asked Questions about Touchlab
When was Touchlab founded?
Touchlab was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Touchlab located?
Touchlab is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Who is the current CEO of Touchlab?
Zaki Hussein is the current CEO of Touchlab. They have also founded this company.
Is Touchlab a funded company?
Touchlab is a funded company, having raised a total of $4.8M across 1 funding round to date. The company's 1st funding round was a Seed of $4.8M, raised on Jul 07, 2022.
How many employees does Touchlab have?
As of Dec 31, 2023, the latest employee count at Touchlab is 8.
What does Touchlab do?
Touchlab was founded in 2018 in Edinburgh, United Kingdom, within the robotics and sensor technology sector. Flexible touch sensors, enabled by force detection, are produced to wrap around surfaces. Touch, pressure, positions, and directional movements are identified by these sensors. Robotic gripping of objects, texture and slip detection, and pain sensing functionalities are supported through this technology.
Who are the top competitors of Touchlab?
Touchlab's top competitors include Wootzano, Contactile and Xela Robotics.
What products or services does Touchlab offer?
Touchlab offers Touch Sensor Layer.
Who are Touchlab's investors?
Touchlab has 3 investors. Key investors include Octopus Ventures, Creator Fund, and Techstart Ventures.
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