Intuition Robotics, developer of digital companion technologies, announced that it has raised $36 million in Series B funding co-led by SPARX Group and OurCrowd, bringing the company’s total funding to $58 million. Additional investors in the round include: Toyota AI Ventures, Sompo Holdings, iRobot, Union Tech Ventures, Happiness Capital, Samsung Next, Capital Point and Bloomberg Beta. Intuition Robotics currently employs 85 people with offices in Israel, San Francisco and Greece.
Intuition Robotics will use the new funding to fuel its mission to create enduring relationships between humans and machines through digital companion agents that influence users’ behaviors and emotions, starting with improving the lives of older adults. The company will invest in advancing its technology, cognitive AI capabilities and tools, and plans to expand the availability of its digital companion into domains beyond longevity and automotive.
“This investment will fuel the evolution of agents from utilitarian digital assistants to full-fledged digital companions that are at our side, anticipating our needs and seamlessly, proactively improving our lives by helping us achieve certain outcomes,” said Dor Skuler, CEO and Co-Founder of Intuition Robotics. “Our cognitive AI technology has the potential to transform the way people and machines interact through empathetic relationships built on trust, exhibiting highly personalized and delightful experiences that amplify our customers’ brands.”
“Intuition Robotics is creating disruptive technology that will inspire companies to re-imagine how machines might amplify the human experience,” said Jim Adler, Founding Managing Partner at Toyota AI Ventures, who will join the company’s Board of Directors. “I’m proud to join the company’s board and partner with management on this exciting journey.”
“In the future, robots will provide a more proactive, empathetic, and personalized user experience,” said Colin Angle, CEO of Series B investor iRobot. “Intuition Robotics is redefining what’s possible through cutting-edge technology and deep insights regarding how people and machines interact.”
Intuition Robotics defines a digital companion agent as the natural evolution of the digital assistant, replacing utilitarian voice command with a bi-directional relationship that is based on empathy, trust and anticipation of needs. This relationship is possible through the cognitive agent technology developed by Intuition Robotics allowing proactive, multi-modal, personalized interactions, expressed through a distinct character, handcrafted per agent implementation and customer.
In addition, Intuition Robotics is collaborating with leading automotive customers such as Toyota Research Institute (TRI). The automotive industry is going through discontinuity. On one hand, sophisticated sensors and the beginning of autonomy are rapidly burgeoning, yet on the other, the in-car experience hasn’t drastically changed, while automakers face fierce competition from large tech companies to take ownership of the future in-car experience.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.