Digital expertise firm Touchcast has raised $ 55 million in Sequence A funding, the corporate introduced Wednesday. The cash might be used to scale Touchcast’s digital occasions platform, which mixes “AI and blended actuality to ship a digital platform that redefines how data is created and shared in area and time,” based on the corporate.
Funding was led by Accenture Ventures, Alexander Capital Ventures, Saatchi Make investments, Ronald Lauder, and others.
Touchcast cited a Grand View Analysis report that projected the worldwide digital occasions market to achieve greater than $ 400 billion by 2027, with enterprise funding in infrastructure, companies and expertise driving this progress.
Funders are paying consideration. Along with Bizzabo elevating $ 138 million in December, Airmeet’s funding spherical of $ 12 million in September, and the Run the World spherical of $ 15 million in Could, a number of extra occasion platforms are gaining momentum.
London-based digital occasions answer Hopin, based in 2019, has raised $ 170 million to this point, of which $ 125 million comes from a November Sequence B spherical led by IVP and Tiger International. The corporate was valued at $ 2.1 billion and has grown from eight workers to just about 300 in 38 international locations. The corporate acquired the Topi occasions app in December and the StreamYard stay video streaming studio for $ 250 million in January.
Welcome, which switched shortly after the pandemic from an app to attach eating places and meals wholesalers to a digital occasions platform, raised $ 12 million in Sequence A funding in November, led by Kleiner Perkins with participation from Y Combinator, Kapor Capital and Webb Investor Community. . Co-founder and CEO Roberto Ortiz positions it as a high-end, white-label platform that emphasizes high quality and design first, to simply produce an expertise that feels “like an Apple product launch.” Welcome topped seven figures in income three months after launch, based on a spokesperson, and shoppers embody Netflix, Oracle and Okta.
Berlin-based Surprise based final April as Yotribe introduced in early December that it had raised $ 11 million in seed funding from European VC EQT Ventures and BlueYard Capital to make “extra spontaneous and fluid” video connections. Shoppers embody NASA, Deloitte and SAP, based on Techcrunch.
Hubilo went from being an in-person occasions platform to a digital occasions platform in March and in October it raised $ four.5 million in an preliminary spherical, led by Lightspeed. Shoppers have included Roche, Fortune and the United Nations, based on Techcrunch.