Vi Technologies Raises $20 Million, Expands Focus on AI Fitness
Previously known as LifeBeam, the company is best known for its wearable fitness assistant Vi
Vi Technologies raised $20 million to develop and expand its artificial intelligence fitness business, the company announced last week, raising its total funding to almost $40 million. VentureBeat reported the deal first.
For daily updates, subscribe to our newsletter by clicking here.Investors included Joy Ventures, Squarepeg Capital, New Era, Cerca Capital, Triventures, Wellborn Ventures, and FGI Capital together, as well as a number of angel investors.
Previously known as LifeBeam, the company originally focused on developing biosensing technology. Following a kickstarter campaign in 2016, Vi Technologies launched Vi, a voice-based, wearable AI fitness assistant.
With the new investment, the company intends to continue developing the technology across connected audio devices as well as though brand partnerships.
This article has been updated with new information provided regarding the company's activities.