Tonal, which makes smart, at-home strength training equipment, raised $130M; sources: the company's valuation fell to $550M-$600M, down from $1.6B in 2021 (Lauren Thomas/Wall Street Journal)

Lauren Thomas / Wall Street Journal:
Tonal, which makes smart, at-home strength training equipment, raised $130M; sources: the company's valuation fell to $550M-$600M, down from $1.6B in 2021  —  At-home fitness company's latest funding round was completed at fraction of prior valuation  —  The founder of Tonal Systems Inc …

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