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Following A Successful Commercial Launch, Intuition Robotics Raises $25M In Additional Funding

PRIVATEAug 29, 2023

Amount Raised

$25 Million

Round Type

Funding Round

Ramat GanSoftwareRobotics

Investors

Western Technology InvestmentOur CrowdToyota VenturesWoven Capital

Description

Intuition Robotics announced today that it has secured a first closing of a new funding round amounting to $25 million, $20M in venture capital and $5M in venture debt, and led by Woven Capital, the growth fund of Toyota, with participation from Toyota Ventures, OurCrowd, Western Technology Investment, and additional investors. The funding will help the company meet surging demand for its AI care companion ElliQ across government aging agencies and healthcare organizations. It will also allow the company to deepen integrations into the healthcare system and help aging populations better connect with others, and better access much-needed products and services while reducing costs.

Quick answer

Intuition Robotics raised $25 Million in a Funding Round round, dated August 29, 2023. Investors: Western Technology Investment, Our Crowd, Toyota Ventures and Woven Capital. Intuition Robotics is based in Ramat Gan, Tel Aviv District, Israel.

How much did Intuition Robotics raise?
Intuition Robotics raised $25 Million in a Funding Round round on August 29, 2023.
Who invested in Intuition Robotics?
Western Technology Investment, Our Crowd, Toyota Ventures and Woven Capital are named as investors in this round.
What does Intuition Robotics do?
Intuition Robotics is on a mission to care for our older adult population with an empathetic AI companion, allowing them to live healthier, happier and more independent lives.
Where is Intuition Robotics based and how big is it?
Intuition Robotics is based in Ramat Gan, Tel Aviv District, Israel.
Who are the decision-makers at Intuition Robotics?
Fundz holds 1 contact at Intuition Robotics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Robotics and Software around the same time

Companies in the same sectors as Intuition Robotics that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • RIOS raised $1.1M on September 29, 2023.
  • Mujin raised an undisclosed amount on September 20, 2023.
  • Mujin raised $85M (Series C) on September 5, 2023.
  • Collaborative Robotics raised $30M (Funding Round) on July 26, 2023.
  • Interfield Global Software Inc. raised an undisclosed amount (Post-IPO Equity) on October 13, 2023.

Who to call at Intuition Robotics, and when

A new round usually means Intuition Robotics is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Intuition Robotics

Location

Ramat Gan, Tel Aviv District, Israel

About

Intuition Robotics is on a mission to care for our older adult population with an empathetic AI companion, allowing them to live healthier, happier and more independent lives. Our ground breaking technology synthesizes empathy to create an AI companion that establishes a trusted relationship, maintains high engagement and drives behavior change in older adults. Intuition Robotics' award-winning product, ElliQ®, is an empathetic proactive care companion for older adults. ElliQ, helps keep users healthy, engaged, and motivated, while alleviating the effects of loneliness and social isolation.

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Intuition Robotics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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