AI Robot Company Temi Closes $21M Funding Round

Israeli-founded Temi Global announced the closing of a $21 million funding round, led by existing investor John Wu, Generali Investments S.p.A. of Italy and the Hong Kong-based IoT and premium wellness giant Ogawa. This round brings the total amount raised to date to $82 million.

The company developed the “Temi”, which it calls the world’s first intelligent, mobile, personal AI robot. The product taps into the big trend of smart-display assistants, but it differentiates itself by being mobile, featuring Human-Robot Interaction characteristics and moving autonomously, the company says. Users can control “Temi” from any remote location in the world via the app and command different actions, from greeting guests at a hotel or restaurant to providing elderly medical assistance.

“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,” said Temi CEO and founder Yossi Wolf in a company statement. “It will dramatically transform the way we conduct business and connect with loved ones from afar.”

The latest round of investment will be used to expand the marketing and sales efforts for the “Temi”. In addition, investor 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,” Wolf added.

“Temi” is currently sold in 15 locations throughout the US as well as online. In January, the company will officially launch sales at CES.

Founded in 2015, the company is headquartered in New York City, it has an R&D lab in Tel Aviv and a business and manufacturing location in Shenzen, China.