# Labrador Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/labrador-systems

- Industry: Healthcare IT
- Headquarters: Calabasas, US
- Website: www.labradorsystems.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Jan 4, 2022)
- Investors on record: 5

## About

Labrador Systems, Inc. develops assistive robots aimed at enhancing the independence of individuals facing health challenges. Their innovative products streamline daily tasks, improving quality of life for users.Founded in 2017, Labrador Systems, Inc. is located in Calabasas, US, and specializes in robotic solutions for personal assistance. The company has experienced multiple funding rounds, with the most recent being a Seed round on January 4, 2022, raising USD 3.1 mn from investors including Amazon, Grep VC, SOSV, and iRobot Ventures. The company has successfully completed a total of 3 deals, and its operations are led by CEO Mike Dooley, who co-founded the company alongside Nikolai Romanov.Labrador Systems specializes in creating assistive robots designed to enhance the independence of individuals with chronic pain, injuries, or other health-related issues that affect their daily activities. Their primary product, the Labrador Retriever, functions as an intelligent home assistant capable of performing various tasks such as delivering meals, carrying laundry, and keeping essential items within easy reach. These robots utilize advanced 3D vision technology to navigate homes autonomously, allowing them to move through spaces like doorways and tight corners, and they can dock themselves for charging when needed. The robots can be commanded through multiple interfaces, including smartphone apps, voice commands via devices like Amazon Alexa, or pre-set schedules. Labrador Systems primarily targets markets in North America and Europe, serving a diverse client base that includes both private consumers and care providers such as physical therapy centers, rehabilitation facilities, home health providers, and senior living communities.The revenue model for Labrador Systems revolves around direct-to-consumer sales as well as partnerships with various healthcare providers. Customers can purchase the company's signature product, the Labrador Retriever, which is designed for personal use, ensuring that users can enhance their quality of life through improved autonomy. The transaction structure typically involves a one-time purchase for the robots, allowing clients to integrate the technology into their homes. Additionally, Labrador Systems may offer tailored support and customization services during the setup process, which includes mapping the robot's navigation according to the users' preferences. While specific pricing details are not publicly disclosed, the company’s offerings are structured to provide value through practical assistance in everyday tasks, appealing to both individual customers and professional care institutions.In January 2021, Labrador Systems, Inc. raised USD 3.1 mn in Seed funding co-led by returning investors Amazon and iRobot Ventures, with participation from new investor Grep VC. The company will use the funds to expand its consumer and commercial activities, grow its engineering team, and accelerate efforts with its manufacturing partners. Future growth plans include the development of new assistive products aimed at enhancing user experience and further expansion into additional markets, including Asia and South America, by 2024.

## Funding rounds

- Seed, Jan 4, 2022, $3.1M — SOSV, iRobot Ventures, Amazon, Grep VC
- Seed, Dec 1, 2019 — Third Act Ventures

## Investors

- Third Act Ventures (https://capitalatlas.ai/funds/third-act-ventures) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- iRobot Ventures (https://capitalatlas.ai/funds/irobot-ventures) — Seed
- Amazon (https://capitalatlas.ai/funds/amazon) — Seed
- Grep VC (https://capitalatlas.ai/funds/grep-vc) — Seed