Tempo announced $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, bringing its funding to nearly $300 million.
Tempo, which uses 3D sensors and AI to analyze users’ motion to provide a personal training experience, will allocate the new funds to enhance its AI and 3D sensor technology and further expand its real-time form feedback and personal guidance users.
The company also recently announced expansion across its hardware, software and content offerings to supplement a user’s training experience and continue to deliver a complete, at-home gym and personal trainer experience.
“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,” said Moawia Eldeeb, co-founder and CEO of Tempo. “This new funding allows Tempo to develop its AI further to expand our class categories and content offerings.”
“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,” said Jeff Housenbold, managing partner, SoftBank Investment Advisers. “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.”
Photo courtesy Tempo
