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SoftBank Leads $220 Million Funding for AI Home Gym Maker Tempo

  • Vision Fund managing partner Jeff Housenbold to join board
  • Funds to be used to enhance artificial intelligence, 3D tech

SoftBank Group Corp.’s Vision Fund 2 led a $220 million funding round for Tempo Interactive Inc., maker of an artificial intelligence-powered home gym system, betting that the Covid-19 pandemic has permanently changed the appeal of domestic exercise.

Tempo’s proposition is built around a $2,495 exercise studio that includes a 42-inch touchscreen display, 3D sensors to detect the user’s movements and stereo speakers for coaching encouragements and guidance. Its $39-per-month membership to access live training classes requires a minimum of a year’s commitment.