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Topic: Funding


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Algorized secures funding for people-sensing technology for safe human-machine interaction
Alogirzed, an AI-powered platform, secured $4.3 million in seed funding to further innovate people-sensing technology and make human-machine interactions safer.

Brightpick raises $12 million to accelerate AI robot rollout in United States
Brightpick announced it has raised another $12 million in funding, bringing the company’s total to $47 million, and will further accelerate deployment of its Autopicker AI robot.

Karl Iagnemma becomes Vecna Robotics CEO
In addition to closing $14.5 million in additional funding, Vecna Robotics has welcomed Karl Iagnemma as CEO, who brings experience from developing autonomous vehicle technology.

Corvus Robotics brings autonomous inventory management system to lights-out warehouse
Corvus Robotics announced an updated version of its Corvus One drone system to bring its autonomous inventory management offerings to lights-out distribution centers.

Dexory secures $80M series B funding to support global expansion
DTCP’s Michael Rager joined Dexory’s board after the firm led an $80M series B funding round, raising a mix of equity and growth debt to support development and...

Innovation Works, Carnegie Mellon University to host AI & Robotics Venture Fair
Innovation Works and Carnegie Mellon will host the 7th annual AI & Robotics Venture Fair, taking place on Sept. 26 in Pittsburgh at the University’s Swartz Center for Entrepreneurship.

Pickommerce secures $3.4M investment for robotic piece-picking technology
Pickommerce, developers of the PickoBot piece-picking robot for the autonomous warehousing ecosystem, secured a $3.4M investment to continue growing the company.

Seegrid announces closing of $50M Series D investment
Seegrid, an autonomous mobile robot for pallet material handling provider, announced the closing of a $50M Series D round, led by Giant Eagle Incorporated and G2 Venture Partners.

Larisa Summers hired as Gather AI head of marketing
Drone software provider Gather AI recently hired Larisa Summers as its new head of marketing, who brings experience from venture-funded startups turned Fortune 500 companies.

ARM Institute to fund $2.9 million for six new projects
ARM selected six U.S. manufacturing development projects from its 24-01 Project Call to receive $2.9 million in funding, including AI, cobot, and machine learning technology.

Mytra, founded by ex-Tesla and Rivian robotics leaders, launches with $78 million Series B
Mytra, founded by ex-Tesla and Rivian leaders, launched with a $78 million Series B with the aim of transforming warehouses and boosting economic productivity through robotics and AI.

Innovation Works’ Robotics Factory welcomes 5 companies to Accelerate program
The Robotics Factory welcomed five new companies to the second cohort of its Accelerate program, focusing on health tech, aviation and plastic recycling.

XTEND secures $40M Series B funding round to advance AI-driven robotics
XTEND announced a $40M funding round, led by Chartered Group, that will see the Israel-based company look to provide ‘common sense’ for its robots and drones powered by AI.

Robotics Invest Summit 2024 highlights funding, robotics ecosystems
The 2024 Robotics Invest Summit in Boston brought leaders from across the robotics industry to discuss funding, industrial AI and more with peers and venture capital firms.

AI, sensor developer Forcen closes CA$8.35 million funding round
Generative design tools and off-the-shelf development kits will help Forcen scale its force/torque sensor and edge AI offerings for less-structured robotics applications.



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