Intuition Robotics selected by Toyota; funding now
We are pleased to share that Intuition Robotics new cognitive AI platform “Q” was selected by TRI, a Toyota company, to provide the AI agent platform powering their in-car agent. The deal is expected to generate millions of dollars in revenue for Intuition Robotics. The company is in talks with additional automotive OEMs and consumer electronics companies to expand their footprint in this new revenue channel. This platform enables cars and other cutting edge products to become digital companions.
Intuition Robotics reports that its digital companion agent solution will generate three distinct revenue streams:
- An initial cash flow from the licensing of the company’s cognitive AI platform for development.
- Professional service provided by the company that include persona and interaction design, integration, and implementation.
- Additional revenue from a per-vehicle/per-device licensing charge, a significant multi-million dollar opportunity, due to the high volume of sales OEMs have per year.
Additionally, at CES last week, Intuition Robotics announced that ElliQ, the company’s flagship consumer product, is available for pre-order. The ElliQ elderly companion robot received great reviews at CES, and has a growing waitlist of ~3000 customers (expected ship date summer ’19).
Due to the sensitivity of this high profile round, deal figures and updated revenue projections for these two milestones are only available upon signing an NDA.
Additionally, NDA signatories will be given access to a live webinar (Tuesday, January 15th, at 7:00PM Israel/ 12:00PM New York/ 9:00AM San Francisco) with Intuition Robotics CEO Dor Skuler to review these company updates and more.
To receive OurCrowd’s diligence report and to be added to the webinar registration list, please click here or below to sign the NDA.