Roam Robotics, a San Francisco-based startup, focused on building robotic exoskeleton has raised $12m in its Series A funding. The round was led by Yamaha Motors with the participation of Boost VC, Heuristics Capital Partners, Menlo Ventures, R7 Partners, Spero Ventures, Valor Equity Partners, and Venture Investment Associates.
Roam Robotics, founded in 2014, builds exoskeletons to help people improve endurance, speed and strength in a myriad of everyday tasks and activities. The startup is launching its first commercial offering for skiers later this year.
"Roam exists to change the boundaries of human mobility," commented Tim Swift, founder and CEO of Roam. "That boundary is different for every person, but they exist for everyone. Whether you are an Olympian, an everyday athlete, or looking to regain lost mobility, we want to power you beyond what your body currently makes possible."
Following the Series A round of funding, Yamaha Motors Ventures partner Amish Parashar said, "Roam is creating an exciting new category of products that enhance human capabilities. By making these robotic exoskeletons affordable, scalable and powerful Roam has removed the biggest barriers to widespread adoption.
"We envision these products will one day be commonly used to create new thrilling experiences and support human mobility," he added.