Start-up’s socially intelligent robot tech raises $2.5m

by Jonathan Adams

Swedish startup raises $2.5 million for its socially intelligent robot

Furhat Robotics has raised $2.5 million for its socially intelligent robots which mimic human behaviour and display human-like social behaviour. The robotic system mimics human gesture and intonation and creates expressions using computer animation and projection. The technology can be potentially used for a number of ways and will have smartphone interaction and medical implications for the elderly and those with certain medical conditions. The star up has raised the sum in seed funding from Balderton Capital and LocalGlobe.

Product of a Swedish start-up, formed by four researchers from Stockholm’s Royal Institute of Technology, the robot aims to narrow down the gap between humans and technology. Researchers are implementing advanced conversational artificial intelligence and robotics technology to create the ground-breaking machine that will be as significant as smartphone and Windows operating system, say researchers. The robot is built on a social intelligence platform and it can participate in socially-aware interactions with humans. The ground-breaking machine is the outcome of years of work by the research team which aims to create an interface between humans and technology.

“Furhat’s vision is to build a computer interface that enables people to interact with machines the same way we interact with each other. We believe social robotics will be as disruptive as the smart phone or the PC, and we are at the very early days of a technology that will allow us to interact with machines in a more human like manner,”

co-founder and CEO, Samer Al Moubayed, said.

“Furhat can potentially be used in thousands of different ways. To enable Furhat as a platform, we are building an Operating System for conversational robots, and we expect people will come up with amazing ideas and ways to use it that have the potential to disrupt many markets.”

The robot and the software platform are already being used by the likes of Honda, Intel, Merck, Toyota, and KPMG. It will be used for technological and medical purposes. While Honda is developing Furhat as a conversational tool for the elderly in smart home environments, Merck is using Furhat to develop cognitive training and rehabilitation aides for patients with multiple sclerosis.

UK accountancy firm KPMG is using the technology to build the financial advisor interface of the future.

“This funding will provide us with the muscle to bring Furhat to a new level, and engage in substantial commercial partnerships with industry leaders that are as committed as we are to empower people to access and interact with technology and information in more human and social manner.”

Furhat can be used for a number of purposes such as education and training, therapy and social care, customer service, and entertainment. At present, the Swedish employment agency is using the technology to train people for job interviews and as a teaching assistant in schools.

Daniel Waterhouse, partner at Balderton led the investment.

“We have long been obsessed with the development in human-machine interaction. As humans are beginning to get comfortable with one-step non-emotive voice communications with machines, we are excited to be supporting Furhat who are at the centre of the next jump in interaction,”

Waterhouse said. As part of the deal, Waterhouse will be joining Furhat’s board to advise the start-up on its future plans.

“Furhat is already being used as a platform for some very important (and some fun) ways for humans to have a more natural and impactful interaction with technology. We are delighted to be backing such an exceptional team on their journey to make their platform an industry standard.”

Furhat Robotics will also recruit more engineers, PhDs and managerial staff. It is also working on new technology in social robotics and artificial intelligence.

“Technology and robotics are fast becoming part of our daily lives. The Furhat platform gives an early insight into the adaptability and flexibility of robotics that is fast inspiring other businesses in multiple sectors,”

LocalGlobe partner, Saul Klein, said.

“The potential for interaction between robots and humans is huge and Furhat is developing social artificial intelligence in a groundbreaking way.”

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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