Temi, World’s First AI Robot, Closes $21M Investment Round – December 19, 2018
“Temi Global Ltd.” has closed an investment round of $21 million, which the company says it will use for marketing and sales initiatives of its “temi”, the world’s first truly intelligent, mobile, personal robot.
The round was led by existing investor John Wu, who was also Alibaba’s first investor and served as Alibaba’s CTO for a decade. Other investors who joined this funding round are Generali Investments S.p.A of Italy and the Hong Kong- based IoT and premium wellness giant Ogawa.
On top of this investment round, Ogawa and Temi have established a strategic partnership for temi’s marketing and distribution in 180,000 points of sale around the globe.
“This investment aligns with our company’s strategy to broaden our global business with worldwide partnerships and to transition seamlessly and quickly from R&D phase to sales mode,” says temi CEO and founder Yossi Wolf.
“temi” is currently sold at 15 locations throughout the
U.S. as well as online. In January, the company will officially launch sales at CES. The company has recently been highlighted by the Consumer Technology Association, which produces CES, as one of the most promising companies of the year in the IoT/Smart devices space.
“temi” is a trailblazing product that taps into the big tech trend of smart-display assistants such as the Alexa Show, Google Home Hub, and Facebook’s Portal, but whereas these assistants are all stationary, temi is mobile. Its autonomous movement and first-of-its-kind Human-Robot Interaction characteristics enable
many exciting applications such as hands-free dynamic video calls, which allow users to drive temi through the temi app from anywhere in the world and greet or assist others in the home, at storefronts and airports, hotels, restaurants, even providing elderly and medical assistance, education, multimedia and R&D, all from afar.
“Temi incorporates unparalleled technology at a reachable price ($1499), making it the ultimate way for people to communicate in this era of high-speed internet with exciting, upcoming 5G capabilities. It will dramatically transform the way we conduct business and connect with loved ones from afar,” says Wolf.
Temi’s global headquarters is located in New York City, with an R&D lab in Tel-Aviv and a business and manufacturing location in Shenzhen, China.
Head of temi NYC HQ