Embodied said it raised $22 million of Series A capital in a round led by Calibrate Ventures and joined by new investor JAZZ Venture Partners. Jason Schoettler from Calibrate and Andrew Firlik from JAZZ will join the board.
A press release follows:
Embodied Raises $22 Million in Series A
PASADENA, CA – June 19, 2018 – Embodied has raised $22 million in a Series A financing led by Calibrate Ventures with new major investor JAZZ Venture Partners. Existing investors include Osage University Partners, Intel Capital, Grishin Robotics and others. Joining the board of directors will be Jason Schoettler from Calibrate Ventures and Andrew Firlik from JAZZ Venture Partners.
Embodied is developing an AI software platform and companion robots that revolutionize care and wellness for families and individuals. The company was co-founded by Paolo Pirjanian, former CTO of iRobot (Nasdaq IRBT) and Maja Matarić, chaired professor of Computer Science, Neuroscience, and Pediatrics at USC.
“We are developing a software and robotics platform that will enhance and enrich the lives of individuals and their families. Our technology delivers measurable benefits through interactions with individuals, and we will use proceeds from our financing to continue adding to our exceptional team of robotics and AI experts, neuroscientists, and creative animators,” says co-founder and CEO Paolo Pirjanian.
The company has assembled a world-class team of experts including its CTO, Dr. Stefan Scherer, who is an expert in machine learning for computational behavior analysis and its CCO, Craig Allen, who is a successful veteran from the video gaming industry. They are leading Embodied’s efforts to change the status-quo by creating emotionally intelligent, life-like robots that provide care.
“Having previously backed Paolo at Evolution Robotics before it was acquired by iRobot, we have been inspired by his vision for how mankind can benefit from socially aware and engaging robots, and we are delighted to support the Embodied team as they work to create a remarkably transformative experience,” says Calibrate Ventures partner Jason Schoettler.
Embodied, Inc. is a robotics and AI company with a world-class team of scientists, engineers, artists, and designers developing state-of-the-art companion robots that aim to revolutionize care and wellness, enhancing quality of life for individuals and families. To join the team please contact us at firstname.lastname@example.org.
About Calibrate Ventures
Calibrate Ventures is an early stage venture capital firm investing in the areas of
Connected Platforms, Consumer, and Enterprise SaaS. Prior exited investments made
by the partners include Chegg, Dollar Shave Club, Ring, ServiceMax, SolarCity, and
VictorOps. Current investments include Alpha, Built Robotics, and Soft Robotics. Fo
more information, please visit www.calibratevc.com.
About JAZZ Venture Partners
JAZZ Venture Partners is the leading venture capital firm focused on technologies that
extend the boundaries of human performance. JAZZ invests in companies at the
intersection of digital technology and neuroscience. JAZZ’s portfolio companies are
impacting the human experience using cutting edge technologies, such as virtual and
augmented reality, immersive video gaming, artificial intelligence, and closed-loop
human-computer systems. JAZZ seeks to unlock human potential in important markets:
health, mind-body wellness, peak mental and physical performance, accelerated
learning and training, sports, and entertainment. www.jazzvp.com