Intuition Robotics Raises $25M in Equity and Debt Funding
Summary
Intuition Robotics, a Ramat Gan, Israel-based developer of an AI powered proactive care companion for older adults, secured a first closing of a new funding round amounting to $25M. Nicole LeBlanc, a partner at Woven Capital, is joining Intuition’s board of directors. The company intends to use the funds to expand its business reach and deepen integrations into the healthcare system. ElliQ provides companionship and support for older adults through daily health check-ins, cognitive and physical activities, connection to family and friends, and more using an intuitive interface. In addition, the company signed its first agreement with a Managed Care Organization focusing on Medicare beneficiaries.
Funding
Amount
$25.0M
Total raised
Date
August 29, 2023
Announcement date
Investors
-
Lead investors
Company
-
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
Artificial Intelligence
Robotics
Healthcare Technology
Linked Companies
Intuition Robotics
$5M to $10M