# Intuition Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/intuition-robotics

- Industry: Software
- Headquarters: Ramat Gan, Israel
- Website: www.intuitionrobotics.com
- Total disclosed funding: $58M
- Latest round: Series B (Feb 13, 2020)
- Investors on record: 15

## About

Intuition Robotics Ltd., based in Israel, develops advanced AI technologies aimed at improving the interaction between humans and machines, particularly through solutions designed for the aging population.Founded in 2016, Intuition Robotics Ltd. specializes in developing innovative technology solutions that foster empathetic engagement between users and machines. The company is headquartered in Ramat Gan, Israel. The co-founders include Dor Skuler and Itai Mendelsohn, with Skuler serving as the CEO. As of August 2023, Intuition Robotics has raised a total of USD 20.00 mn through various funding rounds, the most recent being a USD 20.00 mn round led by Woven Capital Management Company, alongside investors such as OurCrowd and Toyota Ventures. The company has completed seven deals to date.Intuition Robotics specializes in the development of ElliQ, an advanced relationship orchestrator designed to foster empathetic and contextual interactions between humans and machines. This product integrates with multiple large language models (LLMs) to create ongoing engagement tailored to individual users, particularly focusing on the aging population who may face various cognitive and physical challenges. ElliQ employs a combination of speech, body language, text, images, lights, and sounds to interact naturally with users, responding proactively based on their emotional states, availability, and specific health-related goals such as hydration and cognitive training. The product is aimed at enhancing the quality of life for seniors by providing companionship and support, making it relevant for healthcare providers, family caregivers, and senior living facilities across North America and Europe.Intuition Robotics generates revenue through a subscription-based model for its flagship product, ElliQ. Clients, including healthcare providers, senior care facilities, and individual consumers, enter into agreements that allow for ongoing access to the service, which includes software updates and support. The pricing structure varies based on the services offered, with options tailored to specific user needs and care plans established by providers. This model enables a consistent revenue stream as clients invest in enhancing their caregiving capabilities and improving the well-being of their end users. As such, partnerships with care organizations and direct-to-consumer sales form the backbone of the company's business transactions, ensuring that ElliQ remains a vital tool in the landscape of aging and health technology.In August 2023, Intuition Robotics Ltd. raised USD 5.00 mn in venture debt funding as part of a larger USD 25.00 mn equity and debt funding initiative. The company will use the funding to support the growth of its business reach and integrations. Plans for future growth include designing and launching upcoming products aimed at enhancing user interaction. Additionally, Intuition Robotics is looking to expand into new markets, specifically targeting North America and Europe by the end of 2024.

## Funding rounds

- Series B, Feb 13, 2020, $36M — SPARX Group, iRobot Corporation, Bloomberg Beta, OurCrowd, Samsung NEXT Ventures, Toyota Ventures, Union Tech Ventures, Happiness Capital, Sompo Holdings, Inc.
- Series A, Dec 22, 2017, $6M — SPARX Group, Glory Ventures, Samsung NEXT Ventures
- Series A, Jul 11, 2017, $14M — Terra Venture Partners, Maniv Mobility, Bloomberg Beta, iRobot Ventures, OurCrowd, Toyota Research Institute
- Series A, Feb 14, 2017 — OurCrowd Management Limited, iRobot Ventures
- Seed, Feb 1, 2016, $2M — Terra Venture Partners, Maniv Mobility, Bloomberg Beta

## Investors

- Terra Venture Partners (https://capitalatlas.ai/funds/terra-venture-partners) — Seed, Series A
- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Seed, Series A
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed, Series A, Series B
- OurCrowd Management Limited — Series A
- iRobot Ventures (https://capitalatlas.ai/funds/irobot-ventures) — Series A
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A, Series B
- Toyota Research Institute — Series A
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A, Series B
- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A, Series B
- iRobot Corporation — Series B
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series B
- Union Tech Ventures (https://capitalatlas.ai/funds/union-tech-ventures) — Series B
- Happiness Capital (https://capitalatlas.ai/funds/happiness-capital) — Series B
- Sompo Holdings, Inc. — Series B