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Embodied Raises $22 Million in Series A

Embodied has raised $22 million in a Series A financing led by Calibrate
Ventures with new major investor JAZZ Venture Partners. Existing
investors include Osage University Partners, Intel Capital, Grishin
Robotics and others. Joining the board of directors will be Jason
Schoettler from Calibrate Ventures and Andrew Firlik from JAZZ Venture
Partners.

Embodied is developing an AI software platform and companion robots that
revolutionize care and wellness for families and individuals. The
company was co-founded by Paolo Pirjanian, former CTO of iRobot (Nasdaq
IRBT) and Maja Matari?, chaired professor of Computer Science,
Neuroscience, and Pediatrics at USC.

“We are developing a software and robotics platform that will enhance
and enrich the lives of individuals and their families. Our technology
delivers measurable benefits through interactions with individuals, and
we will use proceeds from our financing to continue adding to our
exceptional team of robotics and AI experts, neuroscientists, and
creative animators,” says co-founder and CEO Paolo Pirjanian.

The company has assembled a world-class team of experts including its
CTO, Dr. Stefan Scherer, who is an expert in machine learning for
computational behavior analysis and its CCO, Craig Allen, who is a
successful veteran from the video gaming industry. They are leading
Embodied’s efforts to change the status-quo by creating emotionally
intelligent, life-like robots that provide care.

“Having previously backed Paolo at Evolution Robotics before it was
acquired by iRobot, we have been inspired by his vision for how mankind
can benefit from socially aware and engaging robots, and we are
delighted to support the Embodied team as they work to create a
remarkably transformative experience,” says Calibrate Ventures partner
Jason Schoettler.

About Embodied

Embodied, Inc. is a robotics and AI company with a world-class team of
scientists, engineers, artists, and designers developing
state-of-the-art companion robots that aim to revolutionize care and
wellness, enhancing quality of life for individuals and families. To
join the team please contact us at join@embodied.me.

About Calibrate Ventures

Calibrate Ventures is an early stage venture capital firm investing in
the areas of Connected Platforms, Consumer, and Enterprise SaaS. Prior
exited investments made by the partners include Chegg, Dollar Shave
Club, Ring, ServiceMax, SolarCity, and VictorOps. Current investments
include Alpha, Built Robotics, and Soft Robotics. For more information,
please visit www.calibratevc.com.

About JAZZ Venture Partners

JAZZ Venture Partners is the leading venture capital firm focused on
technologies that extend the boundaries of human performance. JAZZ
invests in companies at the intersection of digital technology and
neuroscience. JAZZ’s portfolio companies are impacting the human
experience using cutting edge technologies, such as virtual and
augmented reality, immersive video gaming, artificial intelligence, and
closed-loop human-computer systems. JAZZ seeks to unlock human potential
in important markets: health, mind-body wellness, peak mental and
physical performance, accelerated learning and training, sports, and
entertainment. www.jazzvp.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20180618005316/en/