Osage University Partners was among the investors to supply seed funding for robotic technology developer Elementary Robotics.

US-based robotic technology Elementary Robotics received $3.6m on Wednesday in a seed round featuring spinout-focused investment firm Osage University Partners and Toyota AI Ventures, a corporate venturing arm of carmaker Toyota. The round was co-led by seed fund Fika Ventures and venture capital firm Fathom Capital, and included Ubiquity Ventures, Riot.vc and Stage Venture Partners. Founded in 2017, Elementary Robotics produces robotic, augmented reality, wearable and internet-of-things technologies that deploy machine learning and computer vision to aid employees and consumers with their day-to-day lives. Toyota AI Ventures regards its investment as a step towards its “call for innovation” objectives, which it is pursuing alongside in-house R&D unit Toyota Research Institute (TRI). Eva Ho, general partner at Fika Ventures, will join Elementary Robotics’ board of directors in connection with the round. Elementary Robotics had previously raised $1.2m in pre-seed funding, it said. The company is listed in the portfolio of venture capital firm FoundersX Ventures, though details of the latter’s investment could not be ascertained. Jim Adler, founding managing director of Toyota AI Ventures, said: “We launched the first call with TRI’s mobile manipulation team to give talented entrepreneurs a nudge in both direction and capital to make assistive robots more useful, safe and affordable.”

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?