Touchcast, Inc., a NYC-based virtual experience company, raised $55m in series A funding.
Backers included Accenture Ventures, Alexander Capital Ventures, Saatchi Invest, Ronald Lauder and others.
The company intends to use the funds to scale its platform.
Led by Edo Segal, founder and CEO, Touchcast provides a virtual events platform which combines AI and mixed reality to allow enterprises to communicate and collaborate, captivating, interactive and insightful experience that allows attendees to connect, as if they are an in-person event.
The platform enables real-time knowledge-sharing and collaboration, including live transcription and translation, allowing event attendees to capture and synthesize their collective intelligence. The design also removes the barriers of language, time, and distance, making communications actionable and discoverable for future reference.