Moxie’s Future Is At Stake 🚨
As announced by the Co-Founder & CEO of Embodied - Paolo Pirjanian, the future of Moxie, an AI companion for children, is in jeopardy. Due to a sudden investor reversal Embodied/Moxie left unable to sustain operations.
🔑 Key Developments:
1. Funding Collapse: A last-minute withdrawal by a key investor disrupted plans to scale and sustain Moxie.
2. Community Response: Families, philanthropists, and even potential buyers have stepped forward, expressing support. Parents have offered to raise funds, purchase subscriptions, and even buy the company to preserve Moxie’s mission.
3. Path Forward:
• The company is actively exploring partnerships and acquisitions to ensure stability.
• Financial solutions, including bridge financing and donor-supported initiatives, are being considered.
• Open-source or hybrid approaches are on the table to keep Moxie accessible and ensure her mission endures.
We are hopeful that Paolo and his team, with the help of support of Moxie’s community will be able to overcome this challenge and continue helping children grow, learn, and thrive.
These kinds of challenges are invevitable in the founder's journey and some of founders are forced to stop operations and in such situations it is extremely important to see and feel the support of a broader community that even can help to recover 💛
Embodied is a Series C startup with around $77.4M of funding in total.
#SaveMoxie
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As announced by the Co-Founder & CEO of Embodied - Paolo Pirjanian, the future of Moxie, an AI companion for children, is in jeopardy. Due to a sudden investor reversal Embodied/Moxie left unable to sustain operations.
🔑 Key Developments:
1. Funding Collapse: A last-minute withdrawal by a key investor disrupted plans to scale and sustain Moxie.
2. Community Response: Families, philanthropists, and even potential buyers have stepped forward, expressing support. Parents have offered to raise funds, purchase subscriptions, and even buy the company to preserve Moxie’s mission.
3. Path Forward:
• The company is actively exploring partnerships and acquisitions to ensure stability.
• Financial solutions, including bridge financing and donor-supported initiatives, are being considered.
• Open-source or hybrid approaches are on the table to keep Moxie accessible and ensure her mission endures.
We are hopeful that Paolo and his team, with the help of support of Moxie’s community will be able to overcome this challenge and continue helping children grow, learn, and thrive.
These kinds of challenges are invevitable in the founder's journey and some of founders are forced to stop operations and in such situations it is extremely important to see and feel the support of a broader community that even can help to recover 💛
Embodied is a Series C startup with around $77.4M of funding in total.
#SaveMoxie
—————————————————
🔥 Join 3N to stay on top of startup news