Heraeus Holding GmbH and Volvo Cars’ Technology fund AB have made investments in Forciot as part of the its 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 which can be utilised as HMI touch controller.
The investment enables Forciot to broaden its international business entry and supply chain operations.
“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,” said Dr. Frank Stietz, head of the Heraeus’ Business Area Electronics.
Andreas Strasser, Investment Director at Volvo Cars, said: “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.”
In addition to the 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 records in innovation and both are operating in Forciot’s strategic business and learning areas,” said 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,” said 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,” said Mario Hehle, Head of Innovation at Heraeus.
“Investing in Forciot fits 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.”
