Roam Robotics, a company setting out to enhance human capabilities through exoskeletons, has raised $12 million in a series A round of funding led by Yamaha Motor Ventures, with participation from Menlo Ventures, Boost VC, Heuristics Capital Partners, R7 Partners, Spero Ventures, Valor Equity Partners, and Venture Investment Associates. Founded out of San Francisco in 2014, Roam Robotics said that it’s leveraging “high-strength” fabrics and air power to bring down the overall cost and weight of exoskeleton technology.
Roam Robotics is still in its infancy, from a product perspective, but the company’s already pitching the “Elevate Robotic Ski Xo,” which is designed to boost skiers’ quad strength, support their knees, and ultimately help them stay longer on the slopes. “Roam exists to change the boundaries of human mobility,” said Roam Robotics founder and CEO 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.”
Roam Robotics had previously raised seed funding of around $2 million, in addition to federal grants to help develop the technology, and with its first sizable external equity investment in the bank the company is now gearing up to commercially launch Elevate for skiers this coming winter.