Tempo Pulled in a $220M Series C to Further Its at-Home Workout Tech

Fitness startup Tempo just closed on its latest round of funding, led by SoftBank, to invest in its AI-powered home workout studio.

Written by Ashley Bowden
Published on Apr. 13, 2021
Tempo Pulled in a $220M Series C to Further Its at-Home Workout Tech
photo: tempo

For a number of people, working from home and working out at home have become the new norm during the past year. More individuals have adjusted to staying inside without having to sacrifice an active lifestyle, a factor that’s largely contributed to the growth of home fitness tech company Tempo. The startup just announced the close of its $220 million Series C funding round.

Its Tempo Studio product offers a more thorough way to keep users in tip-top shape than traditional workout equipment. Instead of visiting the gym and interacting with a personal trainer, Tempo works to bring the very same experience into members’ homes. Featuring 3D sensors and AI-powered analytics, Tempo can provide real-time workout feedback and guidance comparable to that of a personal trainer’s.

“Tempo was launched on the premise that the most advanced and versatile technology can unlock human potential by redefining the personal training experience. Today, our AI uses 3D sensors and is trained on over 5M workouts over 40K hours to give our users the most effective and personalized workouts possible," Moawia Eldeeb, CEO and co-founder of Tempo, said in a statement.

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Having launched last year, the company has already recorded tremendous growth. Gaining traction from more people looking to keep indoors and in shape, Tempo saw a 10x increase in sales in 2020 alone with no subscription cancellations. Tempo isn’t the only home fitness company to have seen growth recently, either. Just last month, new unicorn Tonal closed its massive $250 million Series E round to advance its own AI-based training platform.

Already featuring an HD touchscreen interface, live expert classes and more, as reported by Crunchbase News, Tempo made some new additions to its offering as part of its latest move. The startup rolled out new hardware like a folding bench and weight storage, training bundles and its My Plan update to its mobile app that helps users keep track of their fitness routine.

With the capital from its latest raise, led by SoftBank Vision Fund 2, Tempo is planning to advance its tech and include new class categories and content. Currently, it offers classes for activities including cardio-boxing mobility, strength and more. The next addition to this list will be yoga, another class category that’s still in the works.

Tempo is looking to grow its team with dozens of roles listed for its San Francisco headquarters. The startup is hiring for roles across design, engineering, marketing, product, corporate and fitness and content.

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