Home Bots & Business Dropbox Co-Founder Leads Investment in beauty robot

Dropbox Co-Founder Leads Investment in beauty robot

by Pieter Werner

Clockwork, a self-care robotics company, has announced the launch of a new investment round. With $5.6 million already raised from investors, Clockwork is now opening a community investment round to the public, led by Arash Ferdowski, Dropbox Co-Founder and former CTO.

This presents a opportunity for retail investors to invest alongside venture capitalists and institutional investors. Top VCs Garry Tan’s Initialized Capital and Pipeline Capital have already invested, and other notable angels such as A16z’s Balaji Srinivasan (ex-CTO of Coinbase), Max Mullen (Co-founder of Instacart via Product Co-op), Julie Bornstein (ex-COO Stitch Fix, ex-CMO Sephora), and Dawn Dobras (former CEO Credo Beauty).

Clockwork’s flagship product is an AI-powered robot that offers automated manicures with speed and precision, all while being cost-efficient for customers. With a world-class team from distinguished companies like Dropbox, Nvidia, e.l.f. Beauty, Clorox, Uber, and Toyota, Clockwork’s robots are entirely reimaging the beauty experience.

Kathy Brown, Director of Campus Stores and Licensing at San Diego State University, said, “Clockwork offers a one-of-a-kind product that not only serves but surprises and delights members of our campus community. If the early usage and feedback are any indication, this partnership will provide rewarding returns for all involved in the months and years ahead.”

Clockwork’s traction includes impressive $1.5M annual recurring revenue (ARR) in signed contracts, with 35% month-over-month ARR growth since Q1 2023. Clockwork’s AI-powered robots have already been deployed at iconic US locations, including major airports in NY, DC and Miami, Rockefeller Center in NY, downtown SF and Beverly Hills. To date, Clockwork has helped over 17,000 people seamlessly incorporate self-care into their daily routines.

Misschien vind je deze berichten ook interessant