# Telectic

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

- Industry: Software
- Headquarters: London, UK
- Website: www.telectic.io
- Total disclosed funding: $2.3M
- Latest round: Seed (Oct 16, 2015)
- Investors on record: 1

## About

Telectic is a technology firm focused on developing advanced data analytics solutions, leveraging artificial intelligence to provide insights into business activities and market trends.Telectic specializes in technology-driven data analytics solutions designed to track and analyze business activities globally. The company was founded by Iain McLaren, Jason Kingdon, Pedro Moral, and Sergi Martorell, with Peter L serving as the current CEO. Headquartered in London, UK, Telectic raised GBP 1.5 million in a Seed round of funding on October 16, 2015, led by Touchstone Innovations, valuing the company at GBP 7.53 million. The company has engaged in one total deal.Telectic offers advanced AI-driven research capabilities aimed at analyzing and tracking the activities of millions of companies worldwide. Their core offerings include comprehensive datasets with real-time insights into business activities, growth signals, and sector-specific trends. This information is crucial for a diverse clientele including governments, consulting firms, corporations, and non-profits, assisting in areas such as policy analysis and market research. Telectic's technology employs large-scale language understanding to curate information from various digital sources, ensuring users receive up-to-date and verifiable data. Their solutions are marketed across multiple regions including the UK, Europe, North America, the Middle East, and Asia.Telectic generates revenue through subscription models and partnerships with clients such as governmental agencies and corporate entities. Engagements are typically structured through tailored agreements specifying the scope of data access and research support. Telectic offers customized pricing plans that enable clients to build targeted sample frames and gain insights on specific business landscapes, ensuring they can utilize comprehensive data that enhances transparency and reliability within their analyses.Telectic aims to expand its product offerings by developing new AI-driven tools to enhance its data analytics capabilities. The company is also looking to penetrate new markets in Europe and North America by 2016, leveraging its recent Seed funding of GBP 1.5 million to support these initiatives. This funding round will be utilized to enhance product development and expand its market reach, ensuring a strong foundation for future growth.

## Funding rounds

- Seed, Oct 16, 2015, $2.3M — Touchstone Innovations

## Investors

- Touchstone Innovations (https://capitalatlas.ai/funds/touchstone-innovations) — Seed