Thor Innovation
Thor Innovation is a Suzhou-based haptics technology company founded in 2020, developing electronic tactile simulation technology. The 101-250-person firm has raised approximately $20.66M across three funding rounds led by Vertex Ventures China, CCB International, and Royal Sea Capital.
- Company typePrivate
- Founded2020
- HeadquartersSuzhou, China
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Thor Innovation firmographics
Firmographics- Name
- Thor Innovation
- Website
- https://thorinnovation.com
- Company type
- Private
- Founded year
- 2020
- Headcount range
- 101–250 employees
- Short description
- Thor Innovation is a Suzhou-based haptics technology company founded in 2020, developing electronic tactile simulation technology. The 101-250-person firm has raised approximately $20.66M across three funding rounds led by Vertex Ventures China, CCB International, and Royal Sea Capital.
- Ownership category
- akta.pro rank
Thor Innovation industry classification
Industry- Product category
- Haptic Technology
- NAICS
- Computer and Electronic Product Manufacturing (334), Computer and Peripheral Equipment Manufacturing (3341)
- SIC
- Electronic Components & Accessories (3670)
- akta.pro primary industry
- Metaverse & Social Virtual Worlds (BPAMAKAF)
- akta.pro secondary industry
- Interactive & Immersive Content Production (AR/VR/3D) (BPAFAIAL)
Keywords
Where Thor Innovation is headquartered
LocationHeadquarters
- HQ city
- Suzhou
- HQ country
- China
- HQ region
- Asia
Markets served
Thor Innovation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Supply Chain
Thor Innovation product offering
Product offeringCore offering
Thor Innovation is a high-tech enterprise mainly engaged in haptics, an electronic simulation of tactile sense. The company develops and supplies haptic technology products and components that enable tactile feedback for downstream device makers and integrators.
Differentiator
Problem solved
Functional benefit
Products and services
- Haptic technology (electronic tactile simulation) Core offering of Thor Innovation covering electronic simulation of tactile sense — haptic technology products and components designed to enable tactile feedback in electronic devices and interfaces, sold to business customers that integrate the technology into their own products.
Companies that use Thor Innovation
Customer profileIdeal customer profiles1 record
Thor Innovation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Thor Innovation competitors and assessment
Company assessmentDirect peers
- bHaptics: South Korean maker of haptic vests, arm sleeves and accessories for VR gaming. Comparable haptic hardware focus targeting immersive content.
- Immersion Corporation: Licenses haptic technology IP and software for mobile, automotive, gaming and wearables. Closest publicly traded pure-play haptic technology peer to Thor Innovation.
- Cosonic Intelligent Technologies: Chinese manufacturer of audio and haptic actuators used in consumer electronics and automotive. Direct industry peer and also an existing investor in Thor Innovation.
- Ultraleap: UK-based developer of mid-air ultrasonic haptics and hand tracking. Comparable haptics-first technology targeting AR/VR and digital signage use cases.
- Precision Microdrives: UK-based specialist in eccentric rotating mass (ERM) and linear resonant actuators (LRAs) used for haptic feedback. Directly comparable component-level haptics supplier.
Broad incumbents
- AAC Technologies: One of the world's largest manufacturers of acoustic, haptic, optical and MEMS components for smartphones and wearables. Comparable product offering at far greater scale.
- TDK Corporation: Global electronics giant whose PiezoHapt and PowerHap actuator families target the same smartphone, automotive and AR/VR haptic use cases as Thor Innovation.
- Goertek: Major Chinese ODM and haptic/actuator manufacturer for AR/VR headsets and wearables. Competes with Thor for design wins in Chinese OEM supply chains.
Emerging players
- Haption: French maker of professional-grade force-feedback haptic devices for industrial, robotics and medical simulation. Adjacent haptic hardware business targeting enterprise customers.
- Senseg: Finland-based pioneer of electrostatic surface haptics for touchscreens. Smaller peer with comparable underlying technology and target use cases (consumer electronics HMI).
Market position
Customer concentration
Thor Innovation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thor Innovation leadership team
Management profileNumber of profiles
Thor Innovation funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thor Innovation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thor Innovation
What does Thor Innovation do?
Thor Innovation is a high-tech enterprise mainly engaged in haptics, an electronic simulation of tactile sense. The company develops and supplies haptic technology products and components that enable tactile feedback for downstream device makers and integrators.
When was Thor Innovation founded?
Thor Innovation was founded in 2020. It employs 101 to 250 people.
Where is Thor Innovation based?
Thor Innovation is headquartered in Suzhou, China, in the Asia region.
Who are Thor Innovation's main competitors?
Direct peers on record are bHaptics, Immersion Corporation, Cosonic Intelligent Technologies, Ultraleap and Precision Microdrives. Broad incumbents are AAC Technologies, TDK Corporation and Goertek. Emerging players are Haption and Senseg.
Does Thor Innovation have an API?
No public API is recorded for Thor Innovation.
What industry is Thor Innovation in?
Thor Innovation's product category is Haptic Technology. Its primary akta.pro industry code is BPAMAKAF, Metaverse & Social Virtual Worlds, with a secondary code of BPAFAIAL, Interactive & Immersive Content Production (AR/VR/3D). Its NAICS code is 334 and its SIC code is 3670.