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Tempo Secures $60 Million for its Hi-tech Home Gym
Tempo sales have increased nearly 500 percent since preorders launched in February, and it’s on track to end 2020 with a $100 million run rate.
FREMONT, CA: Home fitness startup Tempo raised $60 million in funding round to ramp up manufacturing of its $1,995 AI-powered gym system. In addition to bolstering its go-to-market efforts, Tempo says it will use the funds to expand its content offering with a second production studio.
The series B round that closed this week and brings Tempo’s total capital raised to roughly $80 million was led by Norwest Venture Partners and General Catalyst, along with return investors Founders Fund, SignalFire, DCM, Y Combinator, and Bling Capital. As part of the round, Norwest’s Edward Yip and General Catalyst’s Holly Maloney will join San Francisco-based Tempo’s board.
Tempo’s weight training system requires a $39 monthly subscription, counts reps and calories burned, and offers real-time technique corrections and weightlifting suggestions. Its 3D infrared sensors can scan users’ movements 30 times per second for performance tracking and feedback, viewable from the 42-inch display. And it comes with “competition-grade” barbells, dumbbells, change plates ranging from 7.5 pounds to 100 pounds, and accessories like a workout mat and recovery roller.
Tempo’s machine learning algorithms help plan workouts tailored to an individual user’s progress. During live classes, instructors are notified when a user makes a mistake, enabling them to guide in real-time. To further motivate fitness enthusiasts, a live leaderboard allows them to compete with friends and others and request personalized weight recommendations that take their overall experience level into account.
Tempo’s classes — which are available live and on-demand and are led by the National Academy of Sports Medicine-certified trainers — combine traditional weightlifting with high-intensity training intervals (HIIT) for full-body workouts based on accepted sports science principles. Optional trainer-curated programs deliver a sequence of courses designed to target different muscle groups daily, while algorithms track progress to inform the system’s feedback features.
The version of Tempo’s software that will ship to early adopters can recognize bicep curls, seated shoulder presses, lunges, front squats, bent over rows, hammer curls, and other exercises while simultaneously collating data to show users how recent performances compared with past efforts. It’s powered by a data set captured by Tempo’s successor system, SmartSpot, which contains over 1 million tagged workout sessions.
Tempo ships directly from Tempo.fit, and beginning next month, it will also be available for purchase from Best Buy. The company hopes to have its system in 250 locations by the end of the year and in properties developed by Tishman Speyer, which Tempo announced a partnership with.