Touchcast Reels In $45 Million

NEW YORK — Touchcast, Inc. a virtual experience company, has raised $55 million in series A funding from Accenture Ventures, Alexander Capital Ventures, Saatchi Invest, Ronald Lauder and others. The funding will be used to scale Touchast’s virtual events platform, which combines the power of AI and mixed reality to transform how enterprises communicate and collaborate.

“The COVID-19 pandemic has dramatically accelerated the need to reimagine the way we meet, connect and collaborate with each other,” said Edo Segal, founder and CEO of Touchcast. “Touchcast harnesses the power of AI and mixed-reality to deliver a virtual event platform that redefines how knowledge is created and shared across space and time, providing an unparalleled immersive and interactive experience.”

With the pandemic moving events to virtual formats, Touchcast technology goes beyond a static online video experience – its virtual event platform offers a captivating, interactive and insightful experience that allows attendees to truly connect, as if transported to an in-person event.

The Touchcast platform uses AI and mixed-reality to enable real-time knowledge-sharing and collaboration, including live transcription and translation, allowing event attendees to capture and synthesize their collective intelligence. The platform’s intuitive design also removes the barriers of language, time, and distance, making communications actionable and discoverable for future reference.

“Digital disruption, distributed workforces, and customer experience are the driving forces behind the need for companies to transform how they do business and move toward the future of work,” said Tom Lounibos, managing director, Accenture Ventures. “For organizations to harness the power of virtual experiences to deliver business impact, the pandemic has shown that quality interactions and insights are needed. Our investment in Touchcast demonstrates our commitment to identifying the latest technologies that help address our clients’ critical business needs.”

Touchcast is based in NY with offices in Ukraine, Israel and India.