DCM Archives - 做厙勛圖 News /tag/dcm/ Data-driven reporting on private markets, startups, founders, and investors Wed, 26 Feb 2020 15:04:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.12 /wp-content/uploads/cb_news_favicon-150x150.png DCM Archives - 做厙勛圖 News /tag/dcm/ 32 32 Tempo Lands $17.5M Series A For AI-Powered Home Workouts /startups/tempo-lands-17-5m-series-a-for-ai-powered-home-workouts/ Wed, 26 Feb 2020 15:00:11 +0000 http://news.crunchbase.com/?p=25857 The connected fitness space just keeps growing.

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Tempo is the latest company to join the pack, announcing it raised $17.5 million for its Series A round and will start taking pre-orders for its system, which will start shipping this summer.

Providing live and on-demand strength and high intensity interval training classes, Tempo uses artificial intelligence to make home workouts more like personal training sessions.

The system���s sensors scan users movements and uses machine learning to prepare workouts for users based on their progress, according to a statement from the company. Tempo counts a user���s reps, recommends weights and gives real-time corrections for a user���s technique–key benefits of having a personal trainer without the steep hourly cost.

���The real groundbreaking thing is helping people work out effectively and safely at home,��� Tempo CEO Moawia Eldeeb said in an interview with 做厙勛圖 News.�� ���And to be able to do that you need to train.���

The Tempo system���s predecessor, , was essentially the data collection process for the whole product, Eldeeb said. SmartSpot was in gyms for about three years, capturing more than 1 million sessions to feed Tempo���s AI.

Tempo���s system, like most other tech-enabled home fitness equipment, doesn���t come cheap. The price for the full station is $1,995 and the monthly content subscription is $39.

Connected fitness is a popular space that has received more than a billion dollars in VC funding overall. leads the pack, as it raised more than $994 million as a private company.

But what sets Tempo apart, Eldeeb said, is the personal training aspect. It���s not just watching a workout on a screen and mirroring the motions–Tempo will correct users if their form is wrong so they perform the moves safely and effectively.

���What���s the difference between having a VHS and dumbbells at home?��� Eldeeb said of other connected fitness systems. ���You���re packaging it in a nicer-looking design. But it���s the 21st century, it should be groundbreaking.���

During live classes, trainers also have dashboards where they can see how users are performing moves. If, say, 20 percent of the class is doing a move incorrectly, the trainer can alert the whole class.

Tempo pitched 10 investors for the Series A, and many actually came into the company���s office to try out the product, Eldeeb said. The company ended up with eight term sheets, and the investors Tempo ultimately picked were those the company felt were ���in it for the long-haul��� and had a passion for fitness.

,, and are among the company���s investors.

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