Touchlab: Raises $4.8M in Seed Funding

Touchlab Raises $4.8M in Seed Funding

  • Touchlab, a deep tech company based at The Higgs Centre for Innovation in Edinburgh, Scotland that develops electronic skin (e-skin) for robots, raised a further $4.8m in seed funding
  • The round was led by Octopus Ventures, with participation from existing investors, including Creator Fund and Techstart Ventures
  • The company intends to use the funding to strengthen its commercial and tech teams
  • The company manufactures an e-skin system which can be wrapped around hard or soft robots to sense pressure, location, and direction in real-time
  • The Telerobot is also seeing traction in the medical sector, where Touch lab has scheduled a pilot with a Finnish hospital (to run later this year)
  • When using the Telerobot, a proxy will be installed between a healthcare provider and patient, which is expected to reduce the transmission of healthcare-acquired infections (HAI’s)
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks. Highlights:FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...