Intuition Robotics Raises $25M for its AI Proactive Care Companion
Intuition Robotics is the force behind ElliQ, an innovative AI companion crafted to enrich the lives of seniors.
Company Name: Intuition Robotics
Location: Ramat Gan, Israel
Nature of Business: Developer of AI-driven proactive care companion tailored for older adults
Funding Raised: $25M, comprising $20M in venture capital and $5M in venture debt
Lead and Participating Investors:
- Woven Capital (Growth fund of Toyota)
- Toyota Ventures
- OurCrowd
- Western Technology Investment
- Among other investors
Purpose for Funds: Expand business operations and enhance integrations within the healthcare infrastructure.
Background:
Nature of Product/Service: Intuition Robotics is the force behind ElliQ, an innovative AI companion crafted to enrich the lives of seniors. ElliQ aims to address the challenge of loneliness and foster healthy, independent living in the elderly demographic. Through daily wellness check-ins, cognitive and physical tasks, and facilitating connections with loved ones, ElliQ offers a holistic support system using a user-friendly interface.
Company Leadership: Spearheaded by CEO and Co-founder Dor Skuler
Intuition Robotics' groundbreaking initiative, ElliQ, has gained substantial traction, underscored by partnerships to provide the AI companion at no cost to beneficiaries through various aging agencies in New York, Broward County, the Olympic Area, and California's Area 4. The company's recent strategic partnership with a Managed Care Organization focused on Medicare recipients further establishes its commitment to enhancing senior care.
With the backing of renowned investors and a clear vision, Intuition Robotics is on a trajectory to redefine elderly care through the fusion of technology and compassion. The recent funding round, championed by influential players like Woven Capital and Toyota Ventures, sets the stage for Intuition Robotics to scale its impact and integrate more deeply into the healthcare realm.