Intuition Robotics Receives Funding From iRobot and OurCrowd

In the News
February 14, 2017

RAMAT GAN, Israel — Intuition Robotics Ltd., developer of social companion technologies, today announced funding from strategic investor iRobot Corp. and equity crowdfunding platform OurCrowd.

This investment brings the total funding in the company to $6 million across various funding instruments.

Intuition Robotics will participate in the world’s largest equity crowdfunding conference, the 2017 OurCrowd Global Investor Summit on Feb. 16 in Jerusalem, Israel, where it will conduct the first live demonstration of ElliQ, an autonomous companion aimed at keeping older adults active and engaged.

The new investors join Terra Venture Partners, which 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, the leading global consumer robot company. OurCrowd is the world’s leading global equity crowdfunding platform for accredited investors.

Intuition Robotics will open its U.S. headquarters in Silicon Valley this year to bring on board key talent and start go-to-market operations in the U.S.

“We are thrilled with the positive market response to ElliQ, our first product that was announced a few weeks back, and are looking forward to expanding...

Continue Reading