Roam Robotics Raises $12M In Funding led By Investors

Roam Robotics, a San Francisco, CA based company building the robotic exoskeletons to enhance the growth, speed and endurance for everyday as people work, play and live, has now secured $12 Million in the funding round of Series A.

The round was led by the Yamaha Motor Co. Ltd, in collaboration with both the new and existing investors Menlo Ventures, Spero Ventures, Heuristics Capital partners, Venture Investment Associates, Valor Equity Partners and Boost VC.

The startup which is led by the Tim Swift. Roam Robotics build robotic exoskeletons to enhance the speed, strength, and endurance for everyday people. Its affordable, light robotic exoskeletons are designed for day to day life scenario, whether people walk, run, ski or hike to make it easier to move.

Its first product is ELEVATE, a robotic exoskeleton designed to boost up a user skiing experience. It will be available by the end of this winter for demo rentals in the Lake Tahoe, CA area and Park City, UT.

The company founded and incorporated in 2013 after the launching of Otherlab, the San Francisco based collection of inventors and scientist working on a range of projects in the renewable energy, robotics, transportation, manufacturing, digital and educational markets.

“Roam exists to change the boundaries of human mobility,” said Roam Founder and Chief Executive Officer Tim Swift. “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.”

To make this possible, Roam will leverage their unique platform technology that relies on high-strength fabrics and air power to reduce device weight and cost without sacrificing performance.

“Roam is creating an exciting new category of products that enhance human capabilities,” said Amish Parashar, Partner at Yamaha Motor Ventures. “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.”

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