11/9/2022 0 Comments Bingo blitz commercial actressThe result is an ability to offer a comfortable and stylish urban lifestyle within a very small physical footprint. Ori's hardware/software systems transform room layouts on demand and according to need, supporting multiple uses of the same space. At MIT's legendary Media Lab, a team of architects and engineers, including Hasier Larrea, now Ori's CEO, combined state-of-the-art smart home technologies and robotics with these ancient principals to create expandable living spaces for the modern age. Ori (from the Japanese, "to fold") was inspired by age-old methods used in Japan to maximize home space such as folding up and storing beds during daytime and sliding doors to segment rooms. Ori is already making a difference in the North American market, and we believe that Ori's innovations, combined with Sumitomo and its subsidiaries' considerable influence in residential real estate development around the world, provides us the chance to make a real difference in the lives of thousands seeking improved and more affordable urban living." Ori's clever innovations tackle this problem head-on by enabling developers to build more livable homes in less space, effectively expanding the stock of affordable urban housing everywhere it is used. For decades we have been watching the tightening of supply for urban living space and believe that in the coming years this will become especially acute, causing apartment rents and home prices to soar and become out of reach for many. "Globally, the mass urbanization trend is accelerating. Doug Kuribayashi, CEO of Presidio Ventures. "We're excited by our investment in Ori, which supports Presidio's investment thesis surrounding urban population growth," said Mr. Led by South Korean conglomerate, Eugene Group, this funding positions the rapidly growing Boston/NY based startup for expansion in the APAC market. 7, 2022 /PRNewswire/ - Presidio Ventures, a Sumitomo Corporation of Americas ("SCOA") Group Company, has joined together with existing investors Khosla Ventures, Alphabet, Ingka Investments (of the IKEA Group) and Geolo Capital to participate in Ori's recently closed round of equity financing. Aiming to transform urban living by using robotics to create multi-functional, expandable apartments.
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