Private investors also participated in Tactile Mobility's current round, among them Moudi (Mordechai) Ben Shach's family fund BM Holdings. Altogether, the company has raised $18 million. It refused to state which round it was up to, but did say that in the past it had raised an A round and beyond that. The current round includes an option to expand it to $14 million.
Tactile Mobility was founded by its CTO Boaz Mizrachi, together with Alex Ackerman and Yossi Shiri, who no longer have executive roles at the company. Eighteen months ago, Amit Nisenbaum joined it as CEO, after eighteen years in the US. Nisenbaum was one of the first employees of Better Place, and led its strategic collaboration efforts in the US.
Tactile Mobility's offices are in Haifa. It employs 25 people. Following the current fund-raising round, it aims to expand its commercial activity in Europe and the US, and to double its workforce, with an emphasis on research and development.
Up until 2015, Tactile Mobility, which was founded in 2012, concentrated on development. From then and up to 2018 the company's products were at various trial stages with car manufacturers, and since mid-2018 it has started to invest in the commercial side as well. Nisenbaum says that its competitors are "startups like Swedish company NIRA, which have recently been joined by tier-1 companies such as Bosch and Continental, which we beat in tenders."
Read more here