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| Aescape secures US$30m in series A funding to bring AI massage tables to US market in 2023 |
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| By Megan Whitby 30 Nov 2022 |
American entrepreneur Eric Litman founded Aescape in 2017 Credit: Aescape
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Aescape, a tech company building automated, data-driven massage tables that mimic human touch, has announced a US$30m (£24.9m, €28.9m) Series A funding round. With this backing, the New-York-based company will enhance its AI-powered technology and bring its Aescape Experience to the US market in 2023. The funding brings Aescape's total capital to US$47.5m (£39.5m, €45.7m).
Aescape’s mission is to ‘redefine the massage and wellness category through intelligent touchless technology that helps people to feel and live better longer’.
“Our team is working to bring beautifully-designed, fully-automated, therapeutic massage and wellness experiences to market with a solution that combines innovative research, revolutionary technology and a holistic approach to physical wellness and recovery,” said Eric Litman, founder and CEO at Aescape.
Litman is an American entrepreneur and businessman who has previously built and exited four companies; Medialets, Viaduct, digitalNATION and Proxicom. His company aims to help grow the wellness industry by providing operators with a scalable solution that eases the labour shortage, acts as a support tool for massage therapists and athletic trainers and gives consumers a consistent, data-driven experience. Aescape is reportedly experiencing strong partnership traction across a range of categories and has signed 17 partners which will be the first to launch the Aescape Experience at their locations.
The funding is led by Valor Siren Ventures and Valor Equity Partners – an early investor in Tesla and SpaceX – with participation from new investors including Fifth Wall and Alley Robotics Ventures, and existing investors including Crosslink Capital, Alumni Ventures and professional NBA athlete Kevin Love.
"Aescape is on the forefront of consumer innovation, providing a fully-automated massage table that not only helps solve the industry's immense labour gap, but fundamentally enables a more advanced and accessible experience," shared Kevin Campos, Partner at Fifth Wall. "The application of its deep proprietary technology can span the built world from an employee perk boasted in office spaces, an essential health benefit offered in medical offices to an amenity provided in hotel spas and beyond."
Previous investors include AlleyCorp Robotics Ventures; FJLabs; Gaingels; Spacecadet; Silicon Valley Bank; Pete Wurman, founder of Kiva Systems/Amazon Robotics; Javon Bea, CEO of Trinity Health; Tom Lee, founder of OneMedical; David Karp, founder of Tumblr; Mark Gorton, founder and CEO of Tower Research; Eric Newnham, founder of Talon Outdoor; Neil Parikh, co-founder of Casper; Yony Feng, co-founder of Peloton; Lachlan Power, YouTuber and professional gamer; and NBA champions Kevin Love and Matthew Dellavedova.
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| News |
| 1 to 12 of 9521 news stories |
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22 Jul 2026
The International Spa Association (ISPA) has published its full 2026 US Spa Industry Study, providing further insights into the region’s total US$1 billion (€855 million, £780 million) industry revenue increase from 2024 to 2025. The ... More
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21 Jul 2026
TLee Spas and Wellness has revealed the design for a wellness destination concept for AI company Midjourney, that blurs the boundaries between spa, fitness and preventative healthcare, with the goal of improving public health. Midjourney ... More
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22 Jul 2026
Jessica Sloyan, a wellness operations and training expert, has established an independent private training academy to provide professional qualifications for practitioners looking to offer immersive wellness experiences. Sloyan created the UK Academy of Sound and ... More
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17 Jul 2026
Gran Hotel Taoro in northern Tenerife, Spain, has completed the final phase of its three-year renovation with the debut of its Sandára Wellness Centre. The 199-key property originally opened in 1890 and it has been ... More
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21 Jul 2026
Swissline has opened a flagship day spa in Zurich, Switzerland, called Labo Spa. It acquired the wellness location that had been operating since 2005 at the start of 2025, before renovating the property. Swissline says ... More
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21 Jul 2026
Ameyalli, the 78-acre wellbeing resort and residential community in Midway in Utah, US, has broken ground on phase two of the hot spring development – the Ameyalli Resort and Spa – which is due to ... More
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16 Jul 2026
Hand and Stone Massage and Facial Spa, the spa business with more than 650 locations across the US and Canada, has appointed franchise expert Carrie Walsh as CEO as the company plans to expand. Walsh ... More
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14 Jul 2026
Turkey came first at this year’s World Championship in Massage between 3-5 July in Copenhagen, Denmark. Organised by the International Massage Association (IMA), the ninth edition of this tournament saw the highest number of participants ... More
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14 Jul 2026
Synergy – The Retreat Show, the global trade show for retreats, has launched a global research initiative that will provide insights into the retreat sector from both consumer and industry perspectives. The resulting report, which ... More
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14 Jul 2026
The Wellness Tourism Association (WTA) has published a non-regulatory global industry framework designed to ensure the retreat market offers responsible experiences. The Six Principles for Responsible Retreats have been created to provide a shared reference ... More
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12 Jul 2026
A new survey of international spa practitioners shows that stress, burnout and wellbeing concerns have caused one in three respondents to consider leaving the industry. The Therapist Wellbeing Report is based on responses from 159 ... More
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16 Jul 2026
The inaugural HCM Invest event has opened applications for pitching slots ahead of its launch in London on 21 October 2026. The event will bring together companies seeking investment and investors looking for opportunities across ... More
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