Publicly traded company iRobot Corp. (NASDAQ: IRBT) has joined leading crowdfunding platform OurCrowd in funding Intuition Robotics. This investment brings the total funding in Intuition Robotics to $6 million across various funding channels. Intuition Robotics said it would open its U.S. Headquarters in Silicon Valley this year to bring on board key talent and start go-to-market operations in the US. Intuition Robots has created “Elli•Q” an active aging companion that keeps older adults active and engaged.
The new investors will join Terra Venture Partners, who led the Intuition Robotics seed round, as well as other original investors including Bloomberg Beta, Maniv Mobility, and additional private investors. iRobot Ventures is the strategic investment arm of iRobot, a leading global consumer robotics company. OurCrowd one of the most prominent equity crowdfunding platforms in the world.
Dor Skuler, CEO and Co-Founder of Intuition Robotics, said they were thrilled with the response to their first product, Elli-Q.
“We are looking forward to expanding our team in Silicon Valley. We welcome strategic investor iRobot whose vast experience and insights in the consumer robotics market is unmatched. We’re also excited that OurCrowd is joining the team and proud to present Elli•Q live for the first time at their Global Investor Summit in front of thousands of investors, potential partners and the media.”
Hanns Anders, Director at iRobot Ventures, called Elli•Q an exciting advancement in cognitive computing.
“iRobot has been a longtime proponent of the development of robotics technologies to support the world’s aging population. The advances being made by Intuition Robotics are critically important to keeping this important population active and engaged.”
Intuition Robotics will participate in OurCrowd’s equity crowdfunding conference, the 2017 OurCrowd Global Investor Summit on February 16 in Jerusalem, Israel, where the company will conduct the first live demonstration of Elli•Q.
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