Forciot Joined By New Investors For Stretchable Electronics Technology
The technology start-up company Forciot has announced that Heraeus Holding GmbH and Volvo Cars' Technology fund AB have made investments in the company as part of the Forciot's Series A investment round.
Forciot's product is a unique stretchable electronics and algorithm solution that measures and reports accurately force, weight, balance and pressure and the system can also be utilized as HMI touch controller. Investment enables Forciot to broaden up its international business entry and supply chain operations.
A globally leading technology group, Heraeus combines material expertise with technological know-how. “Stretchable electronics and sensor technology are a future growth market for Heraeus. Our investment in Forciot allows us to open up this market even more and to continue to learn, and it supports our growing electronics and sensor technology areas.”, says Dr. Frank Stietz, head of the Heraeus' Business Area Electronics.
Volvo Cars as one of the most respected and recognizable premium car brands in the world, focuses on innovation and world-leading technologies. “At Volvo Cars we see potentials in Forciot's technologies that can be used for next-generation car interiors. These technologies could be the base for new features that would offer innovative safety and comfort improvements”, says Andreas Strasser, Investment Director at Volvo Cars. In addition to automotive sector Forciot offers the technology also for logistics and wearable manufacturers that need advanced stretchable sensor solutions to bring intelligence into their products and challenging measurement environments.
“We are thrilled to have closed the Series A investment round with such great companies. Both, Heraeus and Volvo Cars, have admirable track record in innovation and both are operating in Forciot's strategic business and learning areas.”, says Tytti Julkunen, Forciot Co-Founder and Chairman of the Board. Forciot is already operating worldwide providing its technology solutions for large scale B2B customers. “This investment enables us to scale up Forciot operations further to prepare for the mass volume phase and supports greatly also our global sales, marketing and technology development growth plans.”, says Maria Alm, Forciot Co-Founder and CEO.
Heraeus, the lead investor in the Forciot Round A, is relying strategically on these innovative thinkers. “We are always on the lookout for start-ups engaged with pioneering technologies,” says Mario Hehle, Head of Innovation at Heraeus. “Investing to Forciot fit in well with our strategic goals for future growth markets, as well as our goals of networking knowledge and learning from the creative minds of the future.”