What is Toric?
Founded in 2019, Toric operates as a leading no-code data workspace designed to centralize and analyze data for the AEC industry and major owner/operators. The platform empowers users to build automations, perform data transformations, and generate real-time reports and dashboards without requiring any coding expertise. By integrating insights from multiple data sources, Toric facilitates the creation of reusable dataflows, making business intelligence more accessible and user-friendly for its clientele. The company's mission is to democratize data access and analysis, allowing customers to concentrate on deriving actionable insights rather than managing complex technical processes.
How much funding has Toric raised?
Toric has raised a total of $10.5M across 1 funding round:
Series A
$10.5M
Series A (2022): $10.5M with participation from Leaders Fund
Key Investors in Toric
Leaders Fund
Leaders Fund is a venture capital firm specializing in B2B software, focusing on guiding companies towards achieving over $100M in ARR. Based in Toronto and Atlanta, they provide operational expertise and strategic support to their portfolio companies during critical growth stages.
What's next for Toric?
With its recent major strategic investment and a substantial total funding amount, Toric is poised for accelerated expansion and product development. The Series A financing suggests a focus on scaling operations, enhancing its no-code data platform capabilities, and broadening its market reach within the architecture, engineering, construction, and owner/operator segments. This capital infusion is expected to fuel further innovation in data automation and business intelligence solutions, solidifying Toric's position as a key player in making complex data accessible and actionable for enterprise clients.
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