# Soach

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soach

- Industry: Software
- Headquarters: Waterloo, Canada
- Website: www.yourika.ai
- Total disclosed funding: $1.2M
- Latest round: Seed (Aug 31, 2019)
- Investors on record: 6

## About

Soach Inc. is a pioneering company specializing in verticalized artificial intelligence (AI) solutions that address health, education, and environmental challenges, enhancing productivity while creating substantial societal benefits.Founded in 2016 by Amit Saxena and Rob Henderson, Soach Inc. is based in Waterloo, Canada. The company focuses on developing AI solutions, including ‘ngale’, a large language model designed for nursing. In August 2019, Soach Inc. secured USD 1.2 million in Seed funding, co-led by Amazon and TechStars, with participation from other investors, bringing the total amount raised to USD 1.2 million and a current company valuation of USD 6.8 million.Soach Inc. specializes in pioneering verticalized artificial intelligence (AI) solutions tailored for health, education, and environmental challenges. Their primary offerings focus on advanced AI applications that enhance productivity while delivering significant financial and societal benefits. One notable product, ‘ngale’, is an advanced large language model designed specifically for nursing, aimed at streamlining healthcare delivery and improving patient outcomes. The company serves a diverse client base, including healthcare institutions, educational organizations, and environmental agencies, and operates in North America, Europe, and parts of Asia.Soach Inc. generates revenue through structured partnerships and direct sales of its AI solutions, primarily through licensing agreements and subscription-based services. These models provide ongoing access to updates and support for their proprietary offerings, including ‘ngale’. Pricing structures are customized based on the services deployed and the number of end users, catering specifically to large organizations, educational institutions, and healthcare providers, ensuring a consistent revenue stream and long-term client relationships.Following their most recent funding round in August 2019, where Soach Inc. raised USD 1.2 million, the company plans to utilize these funds to accelerate the development of new products tailored for the healthcare sector and expand into new geographic markets. Key regions targeted for expansion include Europe and Asia, with a strategic focus on establishing operations by 2023. The funding will support product enhancements and the introduction of additional AI solutions, further solidifying Soach Inc.'s offerings in the verticalized AI market.

## Funding rounds

- Seed, Aug 31, 2019, $1.2M — Techstars, Golden Triangle Angel Network, Globalive Capital, Two Small Fish Ventures, NorthSpring Capital Partners, Amazon

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Golden Triangle Angel Network — Seed
- Globalive Capital (https://capitalatlas.ai/funds/globalive-capital) — Seed
- Two Small Fish Ventures (https://capitalatlas.ai/funds/two-small-fish-ventures) — Seed
- NorthSpring Capital Partners — Seed
- Amazon (https://capitalatlas.ai/funds/amazon) — Seed