GROOVE X

GROOVE X develops LOVOT, a companion robot designed for responsive social interaction in homes and care settings. The company launched LOVOT in 2018 and later formed a capital and business alliance with NTT DOCOMO spanning communication services, healthcare applications and possible 5G integration.

Facts

Segment: Service
Country: Japan
Founded: 2015
Website: https://groove-x.com/

Funding

2021-01-20 - Strategic investment - $2.6M - NTT DOCOMO invests JPY 400 million in GROOVE X - NTT DOCOMO invested JPY 400 million in GROOVE X through a third-party share allotment. - source: docomo.ne.jp

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Investors

NTT DOCOMO - Lead - Corporate / CVC - 1 funding event - strategic/corporate - first seen 2021-01-20

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Market context

Comparable profiles and adjacent companies connected by shared workflow, capability, or stack position.

Hacarus - workflow adjacency - workflow: Factory Robotics Deployment
Güdel Group - workflow adjacency - workflow: Factory Robotics Deployment
Noetra - workflow adjacency - workflow: Factory Robotics Deployment

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Timeline

2021-01-13 - Partnership - GROOVE X and NTT DOCOMO sign capital and business alliance - The companies signed the capital and business alliance agreement on January 13, 2021. The collaboration targets new communication services and healthcare or medical-care applications. The parties also planned to study 5G connectivity for a future LOVOT… - source: docomo.ne.jp
2018-12-18 - Product Launch - GROOVE X launches LOVOT companion robot - GROOVE X announced LOVOT on December 18, 2018 after more than three years of development. The robot combines body-wide touch sensing, expressive eye displays and the company's Emotional Robotics technology. Web reservations opened at launch, with first… - source: prnewswire.com
2015-11-02 - Company Formation - GROOVE X established in Tokyo - GROOVE X records November 2, 2015 as its official establishment date. The company is headquartered in Chuo, Tokyo and led by Kaname Hayashi. Its stated business is developing LOVOT, a family-style companion robot. - source: groove-x.com

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