intuitive roboticsRamat Gan, Israel-based developer of an AI-powered proactive care companion for the elderly, has secured the first closing of a new funding round totaling $25 million.
The round, which includes $20 million in venture capital and $5 million in venture debt, was led by Toyota’s growth fund, Woven Capital, with investments from Toyota Ventures, OurCloud, Western Technology Investments and others. family participated. Woven Capital partner Nicole LeBlanc will join her Intuition board of directors.
The company hopes to use the funding to expand its reach and deepen its integration into the healthcare system.
Led by CEO and co-founder Dor Skuler, Intuition Robotics ElliQ is an AI companion designed to improve the lives of older people by fighting loneliness and promoting healthy, independent living. ElliQ uses an intuitive interface to accompany and support seniors through daily health checks, cognitive and physical activities, connecting with family and friends, and more.
The company has partnered with the New York State Department of Aging, the Broward County Aging Area Agency, the Olympic Area Department of Aging, and the California Department of Aging Area 4 to initiate a program to distribute ElliQ to end users free of charge. Additionally, the company signed its first contract with a managed care organization focused on Medicare beneficiaries.
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