Companion robot developer Embodied, backed by Osage University Partners, has raised $12.4m in a round with a target size of approximately $18.8m.

Embodied, a US-based robotics and artificial intelligence technology developer backed by spinout-focused investment firm Osage University Partners has raised $12.4m in funding, according to a regulatory filing.

The participants in the round, which has a target size of approximately $18.8m, have not yet been confirmed.

Founded in 2016, Embodied is working on companion robots aimed at the care and wellness sectors. The company remains in stealth mode and is yet to reveal specific information about its products.

Embodied’s technology is…