At Tactisim, we are not just developers; we are medics on a mission to bridge a critical gap in global training infrastructure. Our commitment is to craft the training simulator the world has been yearning for, redefining how first responders prepare for the challenges they face. The idea is research based and in conjunction with application of AI and state of the art gamification helps Police and Military forces to get useful training and practical experience. In today’s unpredictable world there is not enough instructors and trained professionals to solve the training needs relating to ongoing wars, potential terrorist attacks and deadly accidents.
Research underscores the transformative power of well-prepared first responders. By integrating our advanced simulator into training protocols, Tactisim contributes to saving lives. In accidents and armed conflicts, up to 15% and 25% of fatalities, respectively, can be avoided through proper training. In Europe alone, this equates to 38,000 lives annually. Your support as an investor fuels our mission to make the world safer, one well-trained responder at a time.
1. Strategic Collaboration: We’ve secured a high-level partnership with the Swedish Armed Forces, establishing Tactisim as a key player in advancing medical training standards.
2. AI-Powered: Our unique AI method and scoring algorithm empower real-time data collection and analysis during training, offering insights for instructors and students.
3. Cost-Effective Impact: The data we generate enables training institutions and organizations to maximize efficiency, reducing costs while maintaining top-notch quality.
4. Influential Leadership: With a medical advisor and chairman renowned from TV and radio shows, our leadership brings both expertise and influence to drive success.
5. Proven Market Traction: Our go-to market strategy is tailored to meet the needs of the Home Guard, Police Academies, and private training organizations, with Purchase Letter of Intents verifying our approach.
6. Academic and Industry Validation: Collaborations with top-tier institutions like the Karolinska Institute and the Center for Disaster Medicine and Traumatology showcase our commitment to research excellence.
7. Cutting-Edge Technology Partnerships: Through a strategic development program with Varjo Technology OY, the world’s leading XR-hardware and software development company, we stay at the forefront of technological advancement.
8. Financial Backing: Tactisim have secured funding from Chalmers Innovation Office, loan guarantees from the Region of Western Sweden, and startup funding from Almi.
9. Recognized Excellence: Our victory at the Chalmers Ventures Startup Camp in fall 2022 is a testament to the undeniable potential of Tactisim.
We are currently in a business that involves large government customers. We have attracted the best possible individuals to our team but need funding for continuous development of excellent demonstrators and to be able to take part of procurement projects. Raising money will help us sell and promote the product needed for the go-to market and to be qualified as a resilient supplier towards intended customers.
We focus on national markets, consisting of military employees, reservists and conscripts. Currently employed police officers, civilian police employees and police students. Further we look at correction officers and security guards. Finally we have identified employees in civilian companies with a particular need of tactical casualty training because of their work in e.g. conflict hotspots. These are examples at ARR at a total addressable market (TAM):
• Sweden: 41 Million € (Per capita value = 4.1 €.)
• Denmark: 37 Million € (per capita value = 6.16 €)
• Germany: 240 Million € (per capita value = 2.90 €)
• Western world: 4,000 Million €, (estimate for 1.5 billion people and 3 € per capita value. Includes all western aligned industrialized countries.)
These are the main future milestones focused on to be completed by:
• June 2024 – Start of sales, on mobile app for self-training solution to reservists.
• Jan. 2025 – We are feature complete on XR-simulator for delivery to pilot customers.
• End of 2026 – We reach 1.5 M € in sales, one customer outside Scandinavia.
• End of 2027 – We will reach 5 M € in Sales, one customer outside of Europe.
The market is dominated by a few large actors with VR and XR focus. The knowledge about the specific field (tactical combat care) is often lacking. There is also a focus on expensive solutions that has a high cost of ownership. Competition focus seems to be on a few super-skilled professionals typically in SWAT teams and special forces.
We are focusing on the under penetrated mass market where the average soldier and police officer receives high quality training. Ukraine has changed the focus and new suppliers with affordable and practical solutions are needed.
Product development is divided into development of a phone app “train wherever you are” where students quickly can learn standard procedures and get exposed to unforeseen events. Idea is to train reservists that do not have time to train during contract days (often only 4-8 days). The Swedish Home guard is the primarycustomer.
The second product in development is the XR “Care Under Fire” simulator with focus on tactical casualty care using real handgrips and real medical devices in simulated environments. The XR simulator’s primary targeted audience is medics within the Armed Forces and police students in training. Both products are based on COTS hardware and shares the same Unreal engine 3D-assets.
The company was started in fall 2022 and has so far been able to attract 65,000 € in soft funding for the product and business development activities. The company is further involved in several applications for research funding in collaboration with Karolinska Institute and the Swedish Defense Forces. The major business-related milestones are depicted below, blue are completed and red are planned.
We are looking for a seed investment of 500,000 € at a valuation of 2.5 million €. This will fund the company for 18 months, from July 2024 through December 2025 and fund a base organization of 8.5 full time staff. The seed investment will take the company to the milestone of a feature complete XR simulator and selling two complementing products for tactical combat casualty care training. A Series A investment is planned for early 2026 to be able to seriously ramp up European sales.
Based on current salary levels and employees being owners themselves.
• 2.5 senior staff (CEO + CTO + CFO + Chairman), 15,000 € / month
• 6 developers, 24,000 € (4 Software development, 1 Visual FX, 1 Sales operations)
= 39,000 € / month.
= 702,000 € over 1.5 years
• Seed round investment: 500,000 €
• Soft funding (research projects and investment loans): 100,000 €
• Partial sales and contracts (training, support and non-recurring revenue): 200,000 €
= 800,000 € over 1.5 years
How about the civilian trauma, pre-hospital trauma market?
We believe that this market has potential in the future. However, people working in hospitals get a lot of “training on the job”. A (regular, reservist) military medic may have never seen a broken leg or a severe bleed.
How about school shootings and teachers? Why not hunters and truckdrivers and other people with public employments or professional sports?
Yes truckdrivers, teachers and a lot of other people have needs for this type of training. We need to focus. We know the military context and are expanding it towards police, security guards and correction officers.
We only invest in deep tech, university research and AI-projects, why this?
The topic of gamification of training for military medics has been researched at Karolinska Institute. The research shows clear benefits of simulation and gamification. Tactisim works closely with these researchers (and others). Further Dag (founder) is a Professor at Chalmers University and is working on advanced statistics including AI models to evaluate engineering organizations. This research is integrated in Tactism’s AI model to rate, score and evaluate individuals as well as organizations utilizing the Care Under Fire simulator.