Forciot
High-quality sensor-based iot solutions and provide related integration services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 16 % | (61 %) | 152 % | (47 %) | 95 % | (40 %) | (47 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (16 %) | (282 %) | (97 %) | (311 %) | (114 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (24 %) | (296 %) | (107 %) | (351 %) | (139 %) | (144 %) | (279 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | 133 % | 88 % | - | - | - | - |
Source: Company filings or news article
Related Content
Forciot Ltd. operates as a technology company specializing in advanced Internet of Things (IoT) solutions centered around sensor technology. The firm was co-founded in 2015 by Maria Alm, Tytti-Lotta Ojala, and Jaakko Linnavuo, officially incorporating in Tampere, Finland. The company's foundation is deeply rooted in academic research, originating as a spin-off from the Tampere University of Technology, leveraging the founders' collective expertise in wearable technology and elastic electronics.
The core of Forciot's business is its proprietary stretchable electronics technology, which enables the measurement of force, pressure, weight, and balance from various objects and environments. This technology is designed to be integrated directly into products and equipment, transforming them into smart, data-collecting devices. The system comprises three main components: a stretchable sensor that can be customized in shape and size, advanced measurement electronics, and sophisticated algorithms that translate raw data into actionable insights. This allows for dynamic and real-time monitoring, catering to a diverse client base across multiple sectors.
Forciot's business model is centered on providing these sensor-based IoT solutions and related integration services to other businesses (B2B). Key markets include the automotive industry, where its technology can be embedded into car interiors like steering wheels and seats to enhance safety and user experience, and the logistics sector, for creating smart floors or container solutions to monitor weight and balance for optimized loading. The company's revenue is generated through the sale and licensing of its measurement systems and the provision of engineering services to help clients integrate the technology into their own product lines. By focusing on scalability, the technology can be adapted for mass production, making it a viable option for large-scale industrial applications. Keywords: sensor technology, stretchable electronics, IoT solutions, force measurement, pressure sensing, smart materials, automotive sensors, logistics tech, B2B, Tampere