Ori

Overview
Activities
News
Furniture Tech?
Alternative Living?
Product stageSegments
Early
?
Modular and transformable furniture
?

Ori is a smart space company that designs intelligent multifunctional furniture and architectural products to maximize usable space within apartments. Their core offerings include the Cloud Bed, Pocket Studio, Pocket Closet, Pocket Office, and Cloud Bed Lite. These systems effortlessly transform living spaces with the touch of a button, voice command or app, allowing residents to adapt their space for different activities like sleeping, working, or dining.

Ori's products operate on counterweight systems and automated motors to raise or lower beds, slide walls to reveal additional spaces like offices or closets. They prioritize safety with obstacle detection that automatically stops movement when sensing pressure. Their furniture is UL962 approved, ensuring it meets industry safety standards for fire, stability, and materials.

In April 2022, Ori had over 2,500 units in its pipeline for nationwide installation across nearly 100 apartment buildings in over 50 cities. Their products featured in notable California properties like Inspire Hollywood in Los Angeles and The Residences at Springline in Menlo Park. As of June 2024, the smart furniture market was projected to grow at a CAGR of 12.4% from 2024 to 2030, indicating Ori's potential for further expansion.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Boston MA USA
Founded year:
2015
Employees:
11-50
IPO status:
Private
Total funding:
USD 27.1 mn
Last Funding:
-
Last valuation:
-
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