Topic: Funding

News

Mytra, founded by ex-Tesla and Rivian robotics leaders, launches with $78 million Series B

July 23, 2024 · 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.

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Innovation Works’ Robotics Factory welcomes 5 companies to Accelerate program

July 13, 2024 · The Robotics Factory welcomed five new companies to the second cohort of its Accelerate program, focusing on health tech, aviation and plastic recycling.

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XTEND secures $40M Series B funding round to advance AI-driven robotics

July 1, 2024 · 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.

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Robotics Invest Summit 2024 highlights funding, robotics ecosystems

June 27, 2024 · 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.

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AI, sensor developer Forcen closes CA$8.35 million funding round

June 26, 2024 · 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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Vecna Robotics closes $100 million series C, appoints new COO

June 21, 2024 · 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.

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Maxim AI announces general availability, $3 million funding round

June 19, 2024 · 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.

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Cobot raises $100 million series B capital

April 23, 2024 · Founded by former Amazon VP of robotics Brad Porter, Collaborative Robotics has raised $140 million in two years to develop cobots for practical applications.

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Gather AI receives $17M Series A-1 funding to expand AI-powered inventory monitoring

March 28, 2024 · 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.

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Robotics Factory opens applications for Scale residency program

March 27, 2024 · 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.

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Machine vision provider Cambrian announces $3.5M Seed+ funding

March 25, 2024 · Cambrian Robotics recently announced a $3.5M Seed+ fundraising round to develop, scale, and deploy its machine vision systems for industrial manufacturing robot arms.

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Humanoid robot developer Figure AI raises $675M series B

March 22, 2024 · Figure AI recently announced partnerships with OpenAI to enhance language processing and Microsoft to provide AI infrastructure for accelerating commercialization.

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Brain Corp and Tennant Company announce exclusive technology agreement

February 27, 2024 · Through a $32 investment, Brain Corp’s robotic navigation systems will be available for floor-cleaning robots manufactured exclusively by Tenant Company.

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ARM Institute, DoD sign $35.5M continuation agreement

January 24, 2024 · The agreement will provide funding for ARM Institute members’ manufacturing robotics projects, support its national workforce website, and enable new initiatives.

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Robotics Factory opens applications for second Accelerate Program cohort

January 24, 2024 · 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.

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Bluewhite raises $39M Series C to scale agricultural autonomous tractors

January 23, 2024 · 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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Farm-ng raises $10 million Series A to scale autonomous mobile robot production

January 19, 2024 · Thanks to its $10 million Series A, farm-ng aims to improve farming economics and environmental sustainability for small-to medium-sized farms with its Amiga modular mobile robot.

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Burro closes $24 million Series B funding, continues push for autonomous agricultural cobot

January 11, 2024 · The autonomous mobility company Burro secured $24 million in Series B funding to continue development of autonomous agricultural cobots in outdoor and indoor settings.

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GreyOrange closes on $135M financing for continued growth in warehouse automation

December 22, 2023 · GreyOrange, a leader in the automation AI-driven fulfillment automation market, received a $135 investment from Anthelion Capital to continue its growth in the warehouse fulfillment and retail markets.

News

Promise Robotics Raises Series A Funding to Automate Home Production as a Service

October 31, 2023 · Promise Robotics has raised $15 million to commercialize its AI-driven software for turnkey automation of building production.

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