Tempo raises $220 million
Tempo, the first home fitness system that uses advanced 3D sensors and AI to analyze users’ motion to provide a personal training experience,” has raised $220 million in new funding. The Series C round was led by SoftBank Vision Fund 2 with participation from new investor Steadfast Capital Ventures, and returning investors DCM, General Catalyst, Norwest Venture Partners, and Bling Capital. This brings Tempo’s funding to date to nearly $300 million.
Founded in 2015, Tempo combines equipment, training guidance and social motivation with 3D sensors and artificial intelligence to track motion, count reps, and improve the form of users. The company’s freestanding cabinet includes a 42-inch touchscreen with a 3D motion-tracking camera that scans, tracks and coaches users as they work out.
The Tempo Studio goes for $2,495 or $69/month for 36 months with financing—with additional bundles available. A separate $39 monthly membership per household unlocks unlimited, AI-powered training spanning Tempo’s expansive offering of fitness classes, available both live and on-demand.
“Tempo was launched on the premise that the most advanced and versatile technology can unlock human potential by redefining the personal training experience. Today, our AI uses 3D sensors and is trained on over 5M workouts over 40K hours to give our users the most effective and personalized workouts possible. This new funding allows Tempo to further develop its AI to expand our class categories and content offerings.” – Moawia Eldeeb, cofounder and CEO of Tempo.
“The fitness landscape has transformed dramatically as more consumers seek home fitness solutions. By providing personalized AI generated feedback through its computer vision technology, Tempo delivers the experience of working out with a personal trainer to consumers in their homes. We’re excited to partner with Moawia and the Tempo team to support their ambition to help people progress in their fitness journeys at home.” – Jeff Housenbold, Managing Partner, SoftBank Investment Advisers.
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