RGo Robotics exits stealth mode with $20 million in funding and ‘major customer wins’
RGo Robotics, a pioneer in artificial perception technology that enables mobile robots to understand complex surroundings and operate autonomously, has exited stealth mode with $20 million in funding.
The investment round, led by MoreTech Ventures, will allow RGo Robotics to continue rapid expansion of both its R&D and commercial teams to bring its Perception Engine to market.
RGo Robotics develops disruptive AI-powered technology for autonomous mobile robots, which allows them to achieve 3D, human-level perception. Its Perception Engine gives mobile robots the ability to understand complex surroundings and operate autonomously like humans.
RGo was founded in 2018 and has been operating in stealth mode since then, partnering with global robotics leaders to evolve its revolutionary offering.
After extensive field trials in challenging indoor and outdoor environments, RGo has secured several customers and has closed over $10 million in customer deals. The design wins are with global, market leading robot OEMs across multiple vertical markets.
Amir Bousani CEO and co-founder, RGo Robotics, says: “Most mobile robots today are still blind and unable to navigate intelligently in dynamic and complex environments, and we see first-hand how hard it is for machine and robot manufacturers to develop basic visual perception on their own.
“Our technology changes this. Leveraging the most advanced AI and vision technologies, Perception Engine allows mobile machines to see and understand the world around them so they can move autonomously, safely and intelligently in any environment. We call this Intelligent Autonomy.”
Zack Keinan, general partner, MoreTech Ventures, says: “MoreTech Ventures sees tremendous growth potential for the mobile robotics industry and RGo’s technology is the key to unlock that potential.
“The applications for Perception Engine are nearly endless, from AGV/AMRs in logistics and manufacturing to last mile delivery and service robots, agriculture and consumer applications.
“We are very excited to lead this Series A financing round, and to partner with RGo’s exceptional management team as they scale globally.”
Tal Slobodkin, managing partner, StageOne, says: “StageOne partners with visionary innovators that have the potential to have a profound impact on the worldwide enterprise market. RGo’s early traction with global market leaders is a testament to the technology and leadership team.”
RGo Robotics Perception Engine
RGo is also announcing the immediate availability of its revolutionary Perception Engine. The solution includes hardware and software components.
The software runs on ultra-low-cost, low-power hardware that is provided as a reference design, allowing partners to integrate Perception Engine into their robots easily. The software is provided as an SDK which can provide all the real-time data on the edge.
Perception Engine learns its environment and provides all the layers of information a robot needs to be able to move naturally in complex, real-life settings.
The perception data is provided over its API. This data is then consumed by the robot control system which is responsible for path planning and autonomous behaviors.
Nilanjana Bhowmik, co-founder and general partner, Converge, says: “As the use of robotics continues to exponentially grow across industries, RGo’s solution is a game changer.
“Manufacturers will be able to offer more intelligent mobile robots and accelerate time-to-market without having to focus their R&D teams on this extremely complex technology area.”
RGo has also been selected as a winner of Robotics Business Review’s RBR50 Robotics Innovation Award this year.
For over a decade, Robotics Business Review’s RBR50 Robotics Innovation Awards have highlighted the most creative and influential innovations from around the world that have advanced the state of robotics.