What is Embodied?
Embodied, formerly known as Moxie Robots, Inc., is dedicated to revitalizing the Moxie Robot, an interactive companion designed to foster emotional expression and connection in children. Founded by Kush Taneja, who previously co-founded FamPay, the company offers an alternative to traditional screen time, focusing on enhancing children's developmental experiences through technology. Embodied's mission is to ensure a meaningful relationship between children and their robot companions, reactivating the product for its community.
How much funding has Embodied raised?
Embodied has raised a total of $29M across 2 funding rounds:
Other Financing Round
$7M
Series A
$22M
Other Financing Round (2017): $7M with participation from A.Capital Ventures, 11.2 Capital, Amplify Partners, FreeS Fund, Lux Capital, and SV Angel
Series A (2018): $22M led by Grishin Robotics, Osage University Partners, Intel Capital, JAZZ Venture Partners, and Calibrate Ventures
Key Investors in Embodied
A.Capital Ventures
A.Capital Ventures is a venture capital firm that focuses on seed investments, indicating a strategic interest in early-stage companies with high growth potential.
Grishin Robotics
Grishin Robotics is an early-stage venture capital firm specializing in consumer hardware, suggesting a focus on Embodied's product development and market viability.
Intel Capital
Intel Capital, the investment arm of Intel, focuses on emerging technologies like AI and robotics, aligning with Embodied's technological advancements.
What's next for Embodied?
With the recent strategic investment, Embodied is poised for a new phase of growth. The company's focus on a niche market within educational technology and child development suggests a strategic direction towards scaling its operations and potentially expanding its product line or features. Future endeavors will likely involve enhancing the AI capabilities of the Moxie Robot, broadening its educational content, and strengthening its market presence against competitors in the ed-tech and robotics sectors. The enterprise-level backing indicates confidence in Embodied's long-term vision and its potential to capture a significant share of the children's interactive technology market.
See full Embodied company page
