Exer Labs, a year-old, Denver-based fitness startup, raised an additional $2 million in seed funding, bringing its total raised to $4.5 million. Investors in the latest round include GGV, Jerry Yang’s AME Cloud Ventures, Morado Ventures, Range VC, Service Provider Capital, Shatter Fund, MyFitnessPal co-founders Mike and Albert Lee, and existing investors Signia Venture Partners and former Zynga COO, David Ko.
Exer Labs uses its edge-based AI and computer vision platform to power its motion coaching apps. The funding comes as Exer is launching Exer Studio, a Mac app that delivers a Peloton-style leaderboard and workout stats to any virtual workout using edge-based AI and computer vision, without extra hardware.
Exer’s AI platform that powers Exer Studio has been in development for two years and was publicly debuted in the Perfect Plank app – a mobile app with real-time AI coaching and feedback. Also in the pipeline is a Physical Therapy AI coaching app that is currently in beta testing in clinics across the country.
Photo courtesy Exer Labs