Elementary Robotics, a Los Angeles-based robotics startup, has raised $12.7 million in its Series A funding round led by Threshold Ventures, an early-stage investor in technology companies.
Founded in 2017, Elementary has built a hardware and software platform for applying machine learning and computer vision to the industrial world for intelligent automation of quality and traceability workflows.
The new capital, which also had participation from existing investors Fika Ventures, Fathom Capital and Toyota AI Ventures, is being used to allow Elementary Robotics to continue developing and installing its automation products at scale. [Read more…] about Elementary Robotics raises $13 million for its machine learning and computer vision offerings to industry