Startup Embodied is closing down, and its product, an $800 robot for kids ages 5 to 10, will soon be bricked.
Embodied blamed its closure on a failed “critical funding round." On its website, it explained:
We had secured a lead investor who was prepared to close the round. However, at the last minute, they withdrew, leaving us with no viable options to continue operations. Despite our best efforts to secure alternative funding, we were unable to find a replacement in time to sustain operations.
The company didn’t provide further details about the pulled funding. Embodied’s previous backers have included Intel Capital, Toyota AI Ventures, Amazon Alexa Fund, Sony Innovation Fund, and Vulcan Capital, but we don't know who the lead investor mentioned above is.
