# Roam Robotics

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

- Industry: Medical Devices & Equipment
- Headquarters: San Francisco, US
- Website: www.roamrobotics.com
- Total disclosed funding: $15M
- Latest round: Series A (Sep 6, 2018)
- Investors on record: 8

## About

Roam Robotics, Inc. develops innovative robotic solutions to enhance human capabilities, focusing on augmenting strength and endurance while reducing pain and injury risks.Founded in 2012 and headquartered in San Francisco, US, Roam Robotics specializes in assistive technology. The company was co-founded by Tim Swift, who has a history of entrepreneurship. Roam Robotics raised a total of USD 14.95 mn in Series A funding on September 6, 2018, led by Yamaha Motor Ventures, with participation from various investors including Heuristic Capital Partners and Menlo Ventures. The company's recent funding efforts underscore its capacity to advance its product offerings and market reach.Roam Robotics specializes in advanced technology solutions designed to augment human strength and endurance while minimizing pain and potential injury. The company's core product, the Forge robotic knee brace, utilizes a modular system that integrates lightweight actuators powered by high-strength polymers, carbon fiber, and 3D-printed metals. This innovative design provides assistive power with a full range of motion, making it suitable for military applications and addressing the needs of patients suffering from advanced knee osteoarthritis. The Forge is specifically engineered to enhance mobility and reduce exertion during demanding physical tasks, appealing to both military personnel and medical patients. Roam Robotics has positioned its products primarily within North America and Europe, targeting markets where there is a significant demand for assistive technologies in both military and healthcare sectors.Roam Robotics generates revenue through direct sales of its flagship product, the Forge robotic knee brace, primarily targeting military organizations and healthcare facilities. Business transactions are structured as direct-to-consumer sales and partnerships with medical institutions, allowing for customized solutions that meet specific client needs. Clients engage in purchasing agreements that may include maintenance and support services, ensuring the longevity and effectiveness of the technology. Pricing plans are tailored based on the configurations of the robotic systems, with potential variations to accommodate specific user requirements. The company focuses on establishing long-term relationships with its clients through service agreements, thus reinforcing its position in the assistive technology market.Roam Robotics is focused on future growth by developing new products to enhance its offerings. The Series A funding of USD 14.95 mn received in September 2018, led by Yamaha Motor Ventures, will be instrumental in supporting these initiatives. Specific plans include expanding into new markets and regions, with a focus on increasing their presence in Europe and additional territories by 2023. The funding will be utilized to support the design and launch of new technologies aimed at improving the quality of life for users and addressing broader market needs.

## Funding rounds

- Series A, Sep 6, 2018, $15M — Menlo Ventures, Valor Equity Partners, Venture Investment Associates, Boost VC, R7 Partners, Yamaha Motor Ventures, Heuristic Capital Partners, Spero Ventures

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series A
- Venture Investment Associates (https://capitalatlas.ai/funds/venture-investment-associates) — Series A
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Series A
- R7 Partners (https://capitalatlas.ai/funds/r7-partners) — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A
- Heuristic Capital Partners (https://capitalatlas.ai/funds/heuristic-capital-partners) — Series A
- Spero Ventures (https://capitalatlas.ai/funds/spero-ventures) — Series A