Verve Motion Secures $20M in Series B Funding to Transform Industrial Workplaces with Wearable Robotics Technology.
Verve Motion originated from Harvard University’s Biodesign Laboratory at the Wyss Institute, aims to revolutionize workplace ergonomics with its innovative soft exosuits.
Company Name: Verve Motion
Location: Cambridge, MA
Sector: Wearable Robotics Technology
Funding Details: Raised $20M in Series B funding, bringing the total funding to over $40M. The round was led by Safar Partners, with contributions from Cybernetix Ventures, Construct Capital, Pillar VC, OUP, and notable individual investors like Frederic Kerrest (Vice-Chairman and Co-Founder of Okta) and John McEleney (Co-founder of Onshape and formerly CEO of SolidWorks).
Purpose of Investment: To expand operations and business reach.
Leadership: CEO Ignacio Galiana
Product: SafeLift exosuit is a soft, wearable exosuit designed to provide tailored, adaptive assistance to industrial workers, enhancing ergonomics, safety, and productivity. It includes a cloud platform with motion-based sensors for ergonomic coaching and injury prevention.
About Company: Verve Motion originated from Harvard University’s Biodesign Laboratory at the Wyss Institute, aims to revolutionize workplace ergonomics with its innovative soft exosuits. These exosuits are designed to support workers in various industries by reducing the risk of injury and improving productivity.
Innovation and Impact:
- Soft Exosuit Technology: Redefining ergonomic support with adaptive, comfortable designs.
- Industry Application: Deployed across grocery, logistics, retail, supply chain, and manufacturing sectors.
- Research and Development: Based on research funded by DARPA, NSF, and NIH, showcasing a strong foundation in scientific excellence.
CEO’s Vision: Ignacio Galiana envisions a future where wearable robotics seamlessly integrate into the daily routines of workers, significantly reducing the physical toll of manual labor and enhancing workplace safety and efficiency.