Wednesday, October 16, 2019

Labrador Systems Finds $2M For Elder Care Robots

Los Angeles-based Labrador Systems, a new startup developing assistive robots for helping with home health and assistive living, has raised $2M in a pre-seed funding round. The funding was led by SOSV, and its hardware accelerator HAX, along with Centrica Hive, Amazon's Alexa Fund, iRobot Ventures, and iD Ventures America. According to Labrador Systems, the new funding will go towards expansion of its platform and for pilot studies with partners in 2020. Labrador was co-founded by Mike Dooley and Nikolai Romanov. The company pointed to the increas in the increase in life expectancy while the number of individuals age 65 and older in the need for its assitive robots, which it says will help address a nationawide shortage of caregivers; the company says its robots will provde an affordable solution to improve the quality of care while promoting independence and successful aging. More information »