This startup offers expandable apartments and semi-furnished studios that utilize robotic furniture to create programmable living spaces on demand. By maximizing usable space, the solution enables affordable rents for residents while increasing revenue per square foot for real estate developers and investors.
Funding
$45M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EGFounders
Product
Problem
In urban environments, the high cost of rent and limited space in apartments can be a significant challenge for residents. Traditional furniture further reduces usable space, making it difficult to comfortably live and utilize small apartments.
Solution
Ori provides expandable apartments and semi-furnished studios that maximize usable space through robotic furniture. These programmable living spaces transform on demand, enabling residents to optimize their living environment for various activities. Ori's systems incorporate essential furniture pieces into mobilized architecture, effectively doubling the square footage of an apartment. The integrated design saves residents money on furniture and moving costs while still allowing for personalization.
Target Audience
Ori's primary customers are urban residents looking for flexible and affordable living solutions, as well as real estate developers and investors seeking to increase revenue per square foot.
Features
- Robotic platform that enables dynamic space transformation within apartments.
- Cloud Bed system that converts a bedroom into a living room or office space.
- Pocket Studio configuration that creates flexible room divisions.
- UL962 approved and listed systems with safety testing on fire, stability, and materials.
- Manual mode functionality in case of power outages.
- Obstacle detection technology that automatically stops movement when pressure is detected.