LOS ANGELES–(BUSINESS WIRE)–Tombot, the robotics firm that earned widespread acclaim at CES earlier this 12 months for its lifelike robotic pet, Jennie, introduced at present the profitable shut—and oversubscription—of its $6.1 million Collection A funding spherical.
Tombot’s flagship product, Jennie, was designed particularly to deal with the Behavioral and Psychological Signs of Dementia (BPSD) and different well being points.
“Tombot is coming into a high-demand, underserved market on the intersection of psychological well being and assistive expertise,” stated Tombot CEO and Co-Founder Tom Stevens. “Over 300 million seniors all over the world with dementia and delicate cognitive impairment are unable to take care of a reside animal at a time after they want the companionship of a pet greater than ever. Thousands and thousands of different people affected by psychological well being adversities are in an analogous predicament.”
With creative design by Jim Henson’s Creature Store, and developed with the steerage of medical specialists, sufferers, and their households, Jennie supplies lots of the well being advantages related to reside animal possession, reminiscent of diminished stress and loneliness. Jennie might be utilized in non-public properties, assisted residing and reminiscence care communities, and different settings the place reside animals usually are not all the time secure or sensible. Lined with sensors to answer contact, voice instructions, motion, and different sensory inputs, Jennie is rechargeable, absolutely washer-friendly, and comes with an non-compulsory caregiver app to customise behaviors and ease the burden of caregiving.
With participation from each new and current buyers, the funding spherical was led by Caduceus Capital Companions, a Nashville-based group of veteran healthcare buyers with a major emphasis on accelerating progress of early-stage digital well being startups.
“We recognized the rising want for robotic companions a number of years in the past and consider the market is now on the point of exponential growth,” stated Dave Vreeland, senior managing associate, Caduceus Capital Companions. “By 2030, the U.S. is projected to have 73 million seniors – an ageing inhabitants that can more and more face challenges associated to loneliness, companionship, and power illness administration. These points are quickly surpassing the capability of human caregivers alone. Tombot is uniquely positioned to steer this rising sector and drive widespread adoption of robotic companions.”
“This funding might be rocket gas for Tombot,” stated Stevens. “We’re most appreciative of our firm’s Board of Administrators for his or her ongoing steerage, and are particularly grateful to Caduceus for recognizing and supporting Tombot’s mission of making robotic animals that remodel the each day lives of people, households, and communities going through well being adversities.”
In accordance with Stevens, this milestone funding might be used to develop Tombot’s group, finalize engineering, full regulatory and security certifications, and put together its first robotic pet for buyer shipments to its greater than 16,000 pre-order and waitlist clients.
About Tombot
Tombot, Inc., established in 2017, designs reasonable robotic companion animals for people unable to soundly or virtually take care of a reside animal. After Tom Stevens’ personal mom’s progressive dementia necessitated the rehoming of her beloved pet canine for security causes, Tom launched Tombot. Tombot’s flagship product, Jennie, was designed particularly to deal with the Behavioral and Psychological Signs of Dementia (BPSD). The Tombot founding group constructed a previous startup into one of many world’s largest authorized automation corporations and was efficiently acquired.
Supply: https://www.businesswire.com/information/house/20250612089581/en/Robotic-Pet-Firm-Tombot-Secures-%246.1M-Collection-A-Funding-to-Assist-Groundbreaking-Well being-and-Senior-Care-Product-Line
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