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Topic: Funding


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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.

Vecna Robotics closes $100 million series C, appoints new COO
Newly-appointed Vecna Robotics COO Michael Helmbrecht will oversee the development of initiatives, including a case-picking robot with GEODIS, using $40 million in new funding.

Maxim AI announces general availability, $3 million funding round
Founded by former Google and Postman API employees Vaibhavi Gangwar and Akshay Deo, Maxim AI aims to bring traditional software development best practices to AI workflows.

Cobot raises $100 million series B capital
Founded by former Amazon VP of robotics Brad Porter, Collaborative Robotics has raised $140 million in two years to develop cobots for practical applications.

Gather AI receives $17M Series A-1 funding to expand AI-powered inventory monitoring
Gather AI received a $17M Series A-1 funding for its AI-powered warehouses inventory drones, totaling $34M in funding to scale operations and expand production of its offerings.

Robotics Factory opens applications for Scale residency program
Applications are now open for The Robotics Factory’s Scale Residency Program. Innovation Works will hold a virtual information session Friday, March 29, at 12:00 p.m. EDT.

Machine vision provider Cambrian announces $3.5M Seed+ funding
Cambrian Robotics recently announced a $3.5M Seed+ fundraising round to develop, scale, and deploy its machine vision systems for industrial manufacturing robot arms.

Humanoid robot developer Figure AI raises $675M series B
Figure AI recently announced partnerships with OpenAI to enhance language processing and Microsoft to provide AI infrastructure for accelerating commercialization.

Brain Corp and Tennant Company announce exclusive technology agreement
Through a $32 investment, Brain Corp’s robotic navigation systems will be available for floor-cleaning robots manufactured exclusively by Tenant Company.

ARM Institute, DoD sign $35.5M continuation agreement
The agreement will provide funding for ARM Institute members’ manufacturing robotics projects, support its national workforce website, and enable new initiatives.

Robotics Factory opens applications for second Accelerate Program cohort
Innovation Works and the Pittsburgh Robotics Network will select several robotics startups for the program, providing up to $100,000 and office space for each company.

Bluewhite raises $39M Series C to scale agricultural autonomous tractors
With Series C Bluewhite plans for worldwide scaling of its agricultural robotics-as-a-service (RaaS), integrating Pathfinder hardware with Compass software.



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