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The fitness industry has always been a multi-billion dollar scam, but startup EGVM is about to rake in even more dirty money with its latest “innovative” venture.
The Munich-based gym equipment and AI training solutions company has just received $200 million in funding, because what the world truly needs is more tech solutions for the privileged few.
The startup’s founder Philipp Roesch-Schlanderer claims that 75% of people would rather stay in shape alone in their own homes while watching Netflix, and a further 25% need fancy gym equipment to ensure they get the right exercise routine. The rest 0% of the general public will be priced out by the startup’s equipment costs.
EGYM believes its AI-powered assistant is the solution to all users’ problems, offering real-time workout advice based on users’ past success…and behaviors. And 90% of the reason why users will buy these expensive solutions is to alleviate the pressure of actually creating a workout routine from scratch. Who needs human connection and guidance when you’ve got an AI robot training you? Not us. We’d rather waste hundreds of dollars on subscription software than sweat.
With corporate partnerships in tow, this AI-driven fitness platform says it can reach an staggering 3 million employees alone. We’re pretty certain the company’s valuation might not be entirely based on user data, given we don’t see 150,000+ gym selfies per hour on social media…yet.
