Intuition Robotics Receives Funding From iRobot and OurCrowd

RAMAT GAN, Israel — Intuition Robotics Ltd., developer of social companion technologies, today announced funding from strategic investor iRobot Corp. and equity crowdfunding platform OurCrowd. This investment brings the total funding in the company to $6 million across various funding instruments.

Intuition Robotics will participate in the world’s largest equity crowdfunding conference, the 2017 OurCrowd Global Investor Summit on Feb. 16 in Jerusalem, Israel, where it will conduct the first live demonstration of ElliQ, an autonomous companion aimed at keeping older adults active and engaged.

The new investors join Terra Venture Partners, which led the Intuition Robotics seed round, as well as other original investors including Bloomberg Beta, Maniv Mobility, and additional private investors.

iRobot Ventures is the strategic investment arm of iRobot, the leading global consumer robot company. OurCrowd is the world’s leading global equity crowdfunding platform for accredited investors.

Intuition Robotics will open its U.S. headquarters in Silicon Valley this year to bring on board key talent and start go-to-market operations in the U.S.

“We are thrilled with the positive market response to ElliQ, our first product that was announced a few weeks back, and are looking forward to expanding our team in Silicon Valley,” said Dor Skuler, CEO and co-founder of Intuition Robotics. “We welcome strategic investor iRobot, whose vast experience and insights in the consumer robotics market is unmatched.”

“We’re also excited that OurCrowd is joining the team and proud to present ElliQ live for the first time at their Global Investor Summit in front of thousands of investors, potential partners and the media,” Skuler said.

“Intuition Robotics’ ElliQ is an exciting advancement in cognitive computing and human-robot interaction,” said Hanns Anders, director at iRobot Ventures. “iRobot has been a longtime proponent of the development of robotics technologies to support the world’s aging population.”

“The advances being made by Intuition Robotics are critically important to keeping this important population active and engaged,” Anders said.

“We see potential for Intuition Robotics’ products to have massive impact on the world’s aging population, and proud to support such an innovative company,” said OurCrowd CEO Jon Medved. “We’re excited to share this investment with our investor base at the Global Investor Summit later this week.”

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