Wednesday, December 19, 2018

Elementary Robotics Finds $3.6M

Los Angeles-based Elementary Robotics, which is developing robotics technology for "intelligent robot assistants", said on Wednesday it has raised $3.6M in a Series A funding. The funding was led by Fika Ventures and Fathom Capital, and also included Toyota AI Ventures, Ubiquity Ventures, Riot.vc, Osage University Partners, and Stage Venture Partners. The company has now raised $4.8M in total funding, including a pre-seed funding it raised in October of last year. As part of the funding, Fika's Eva Ho has joined the company's board, which also included Bill Gross of Idealab and Elementary co-founder and CEO Arye Barnehama. Barnehama previously founded wearables technology firm Melon, which was sold to DAQRI. More information »