Sarcos Robotics says its Guardian exoskeleton (pictured) will be capable of lifting hundreds of pounds when it is commercially available
Sarcos Robotics, a developer of dexterous industrial robots for use in unstructured environments, has secured $10.5 million in funding from a group of top-tier strategic investors including Caterpillar Ventures, GE Ventures, and Microsoft.
Additionally, Cottonwood Technology Fund and two other private investment firms, together with the company’s three co-founders, Ben Wolff, Dr Fraser Smith and Dr Marc Olivier, invested in the financing round.
The company says the infusion of capital will be used to expand the Sarcos team and to accelerate the production and deployment of Sarcos’ Guardian line of robots that are significantly reducing the risk of injury and the cost of performing many of the world’s most dangerous and difficult tasks. [Read more…] about Caterpillar, GE and Microsoft invest in Sarcos Robotics exoskeleton