Newsroom

Touchcast closes $55 Million in Series A funding to reignite the trillion-dollar event ecosystem in a post-Covid era.

Funding led by Accenture Ventures will help Touchcast scale its immersive experience platform.
January 19, 2021

NEW YORK -- February 3, 2021 -- Touchcast, Inc., a leading virtual experience company, today announced it 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.”


According to Grand View Research, the global market for virtual events is projected to reach more than $400 billion by 2027, with enterprise investment in infrastructure, services and technology such as AI  driving this growth. Touchcast is meeting the moment by delivering technology that goes well 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.

 

With AI and mixed-reality, the Touchcast platform enables 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."

About Touchcast
Touchcast is the world’s leading Virtual Experience company. A pioneer in the use of Mixed Reality and AI, Touchcast offers an integrated solution that helps enterprises communicate and collaborate effectively and move employees, partners and customers to take action. Visit us at www.touchcast.com.

Elevate your…

Connect capital and ideas through keynote presentations, breakout sessions and 1:1 meetings.

Raise the curtain on your products and services with demo sessions, resource downloads and live Q&A.

A woman with a lavender shirt preparing for a virtual conference

Build deeper relationships, gain insights and share your expertise through plenary sessions.

A woman with glasses and a white shirt preparing for a virtual livestream

Share your vision of the future and the most important trends impacting your business.

A man with glasses and dark hair preparing for a virtual stream

Celebrate the pioneers, the leaders and the innovators with gorgeous virtual sets that elevate your brand.

A man with a white tshirt and glasses looking at the camera getting ready for a virtual event

Captivate your audience, elevate your brand and strengthen your culture through impactful experience.

A woman with a red shirt preparing for a virtual event