Category: ikea

June 4, 2019 Off

Ori Living partners with IKEA to bring robotic furniture to customers by 2020

By Jill T Frey

Welcome to the robotic bedroom of the future, coming in 2020 to tiny apartments beginning in Hong Kong and Japan, but expanding around the world.

IKEA is now selling robotic furniture that can convert from a storage and seating unit into a bed and closet — and back again.

The new line of furniture, based on the company’s PLATSA storage unit, is called ROGNAN and is designed to use space inside the home more efficiently, especially as housing units become smaller to accommodate the 1.5 million people who move to a city somewhere in the world every week, IKEA said in a statement.

“We have been working with developing small space living solutions for a long time, and we know that some of the biggest challenges in peoples’ homes are storage and finding the place to do all the activities that you’d want to do in your home,” said Seana … Read the rest

May 28, 2019 Off

Move over Ready Player One — the future of AR might be in furniture

By Jill T Frey

Last week Modsy, a San Francisco-based startup, raised a large amount of funding — $37 million in C-round funding to be precise. And that followed a $23 million Series B round in December 2017.

Why the large amounts I hear you ask? Well, Modsy is developing a platform that lets property owners create virtual renderings of rooms and restyle them in real time. So that means 3D automation, plus virtually positioning furniture items, combined with a marketplace where you can buy the items. Modsy’s tech replicates rooms in 360 degrees, with furniture from dozens of well-known brands. It’s a powerful combination.

The move shows that AR/VR technologies are now finding their place, not in a Ready Player One-style future, but in the more mundane, but lucrative area of interior design.

But there’s another company out there that claims to have reached 40 million users with far more modest … Read the rest

May 20, 2019 Off

Ikea invests in Livspace, a one-stop platform for interior design based in India

By Jill T Frey

Fresh from raising $70 million last year via big names including Goldman Sachs and TPG Growth, Livspace, an India-based startup that offers a one-stop-shop for interior design, has lured yet another marquee investor: Ikea.

The startup said today it has taken an undisclosed investment from Ingka Investments, the VC arm of Ikea parent Ingka Group, which operates 90 percent of Ikea’s retail footprint. Livspace CEO and co-founder Anuj Srivastava declined to provide a figure for the deal, but he told TechCrunch that the stake involved is a minor one while there is no plan to bolt a larger round on to this investment. Deal Street Asia first reported news of the deal.

“There is strong strategic and commercial potential,” Srivastava, a former Googler who started Livspace in 2015, said of the new investor. “This is an opportunity to create the best possible omnichannel experience for consumers.”

India is a … Read the rest