The product was clearly too ambitious. Seven Dreamers had planned a simpler but potentially impressive version, with only clothing folded and sorted. However, the first-gen model still required a complex combination of robotics, image analysis, and artificial intelligence to achieve its goals. The company said the machine would detect different types of clothing and sort them into "neat, organized piles". A companion app informs you about what has been folded and provides a quick overview of your wardrobe. However, public demonstrations at CES were not particularly impressive. As The edge Reports, a version shown in 2018, struggled with basic T-shirts that were not part of a carefully prepared basket.
Seven Dreamers had other products, including Nastent, a tubular medical device that helps people to sleep while sleeping. The company also raised capital in three rounds of financing between 2015 and 2017. However, investments were not enough to compensate for the continued development costs of the Laundroid, which had often shifted.
The demise of the company leaves the market open for Foldimate, a San Francisco-based laundry competitor. A few months ago, the startup at CES in Las Vegas showed a working prototype – a welcome change from the usual, non-functional demonstrations. The final release is expected to be shipped later this year for anywhere in the $ 1,000 range.