Total amount raised
$3 Millions
Latest funding date
Location
Fathom AI has successfully raised funding over multiple rounds, attracting five investors, including The Helm and Revolution’s Rise of the Rest Seed Fund. The company offers a wearable AI platform designed to personalize athletic training based on biomechanical needs.
Keep reading to explore the intricacies of Fathom AI's fundraising journey and the investors backing this innovative platform.
What Is Fathom AI?
Fathom AI, founded in 2014, is a wearable AI platform based in Durham, North Carolina. The company operates in the fitness, machine learning, mHealth, software, and wellness industries.
Founded by Gabrielle Levac and Ivonna Dumanyan, Fathom AI employs between 11 and 50 people. The platform personalizes athletic training to meet individual biomechanical needs, offering a patented skin-adhered wearable device that quantifies rehabilitation progress and assesses injury risk.
How Much Funding Has Fathom AI Raised?
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2018
- Lead Investors: The Helm, Revolution’s Rise of the Rest Seed Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology.
- Venture Round
- Amount Raised: $3M
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and marketing of wearable motion analytics devices.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand market reach.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To initiate product development and early-stage operations.
Total Amount Raised: $3M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in Fathom AI include:
- The Helm
- Details: The Helm is a venture capital firm that focuses on investing in female-founded companies. They aim to support innovative startups that are led by women.
- Investment Focus Areas: Technology, Consumer Products, Healthcare
- Notable Investments: Not publicly disclosed
- Revolution’s Rise of the Rest Seed Fund
- Details: Revolution’s Rise of the Rest Seed Fund is a venture capital fund that invests in startups located outside of major tech hubs. They aim to support entrepreneurial ecosystems across the United States.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Not publicly disclosed
What's Next for Fathom AI?
Fathom AI is poised to capitalize on significant opportunities in the athletic training and rehabilitation sectors. Their wearable sensors, already attracting interest from university athletic programs, dance companies, professional athletes, and the military, indicate a broad and diverse market potential. With $3 million already raised and an additional $1.2 million sought, the company is well-positioned for further growth.
Future fundraising efforts are likely as Fathom AI continues to expand its market reach and demonstrate the effectiveness of its technology. However, the company will need to navigate challenges such as competition in the wearable tech space, ensuring device accuracy, and meeting regulatory requirements. Successfully addressing these challenges will be crucial for sustaining growth and attracting further investment.
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