# Totemic Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/totemic-labs

- Industry: Medical Devices & Equipment
- Headquarters: Palo Alto, US
- Website: www.totemiclabs.com
- Total disclosed funding: $5.2M
- Latest round: Seed (Oct 6, 2017)
- Investors on record: 3

## About

Totemic Labs Inc is a technology firm specializing in advanced solutions that enhance operational efficiency and improve user experience across various sectors.Founded in 2016 and headquartered in Palo Alto, US, Totemic Labs Inc focuses on developing innovative technology solutions. The company was co-founded by Maria Hak and Neal Khosla, with Andrew Ritter and Saurabh Gupta serving as the current executives. In its growth journey, Totemic Labs has completed one significant funding round, raising USD 5.2 million in a Seed round on October 6, 2017, led by Lightspeed Venture Partners, with participation from Khosla Ventures and Y Combinator. This funding round totals the amount raised to USD 5.2 million to date.The company offers advanced technological solutions designed to tackle specific challenges faced by its target markets. Its primary offerings include proprietary software platforms that enhance business processes and hardware products that integrate smoothly with existing systems. Key sectors served are healthcare, finance, and manufacturing, particularly in North America and Europe, with a focus on delivering tailored solutions that meet the diverse needs of clients.Totemic Labs Inc generates revenue primarily through subscription-based models and direct sales of flagship products. Clients can engage through annual or monthly subscriptions for access to the full suite of software services. Additionally, strategic partnerships with retailers facilitate the distribution of hardware solutions, expanding market reach. The pricing plans cater to various market segments, ensuring accessibility for both small businesses and larger enterprises, thereby enhancing customer retention.The company plans to leverage its recent Seed funding of USD 5.2 million, acquired in October 2017, to support the development of new products and expansion into new markets. Upcoming products are currently being designed to address evolving client needs, with anticipated release dates to be announced. Geographically, Totemic Labs targets North America and Europe for expansion, aiming to increase its market presence by the end of 2024. The funding will be utilized to enhance product development and enter these new markets effectively.

## Funding rounds

- Seed, Oct 6, 2017, $5.2M — Lightspeed Venture Partners, Khosla Ventures, Y Combinator

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed