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financing

Neura Robotics raises $55 million in fresh capital

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Neura Robotics, an emerging AI and robotics startup, has closed a $55 million funding round, led by European investors Lingotto, an investment management company owned by Exor, Vsquared Ventures, Primepulse and HV Capital.

Neura Robotics has risen to become a global pioneer in cognitive robotics in just three years and claims innovation leadership in the industry.

As the first company to combine AI and robotics, Neura unveiled the world’s first market-ready cognitive cobot shortly after its founding. [Read more…] about Neura Robotics raises $55 million in fresh capital

Distalmotion raises $150 million for its robotic surgery system

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Distalmotion has raised $150 million in new financing.

The company says this “significant fundraise reinforces the confidence” of its existing investors led by Revival Healthcare Capital.

Dexter, Distalmotion’s robotic platform, is in day-to-day clinical use in Europe, successfully treating patients across a multitude of complex and high-volume procedures in general surgery, gynecology, urology. [Read more…] about Distalmotion raises $150 million for its robotic surgery system

Carbon Robotics raises $30 million in funding to scale its AI-powered LaserWeeder platform

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Carbon Robotics, a provider of AI-powered robotics to the agricultural sector, has closed $30 million in Series C financing from new lead investor Sozo Ventures along with existing investors Anthos Capital, Fuse Venture Capital, Ignition Partners, Liquid2 and Voyager Capital.

The funding will be used to expand sales regions in North America, optimize and scale manufacturing, develop new software and hardware products, and launch into international markets. This latest round of financing brings Carbon Robotics’ overall funding to $67 million.

Rob Freelen, managing director of Sozo Ventures, says: “Carbon Robotics’ elegant use of AI, computer vision, robotics and lasers is the only solution that enables farmers to reduce their most expensive line item – weed control – without damaging plants or the soil. [Read more…] about Carbon Robotics raises $30 million in funding to scale its AI-powered LaserWeeder platform

Autonomous logistics startup Venti Technologies raises $28.8 million in Series A funding

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Venti Technologies, a provider of autonomous logistics for global supply chain and industrial hubs, has secured $28.8 million in a Series A financing.

The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners.

The funding will be used to accelerate Venti’s growth and meet increasing demand from customers worldwide. [Read more…] about Autonomous logistics startup Venti Technologies raises $28.8 million in Series A funding

Employee management software provider Rippling raises $500 million in Series E financing

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By Parker Conrad, CEO, Rippling

Rippling, a provider of automated software for employee management, has raised $500 million in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022.

This was an unusual round, raised in record time and for a purpose that ultimately resolved on its own. It all started on Friday, March 10th at 5.30 am PST.

Rippling’s primary banking partner, Silicon Valley Bank (SVB), collapsed with dizzying speed on Thursday, March 9, and entered FDIC receivership on Friday, March 10. [Read more…] about Employee management software provider Rippling raises $500 million in Series E financing

Kiwibot secures $10 million in new funding

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Kiwibot, a robotic last-mile delivery service that has completed over 250,000 food deliveries with robots, has agreed what it describes as a “tailor-made” $10 million financing partnership with asset financing group kineo finance.

The agreement will help Kiwibot with its manufacturing and scaling needs, growing its robotic fleet and disrupting the delivery-as-a-service (DaaS) industry.

By removing the working capital barrier, this partnership will accelerate Kiwibot’s growth in the DaaS industry. kineo finance provides smart asset financing for startups while limiting dilution, so they can focus on growing the business. [Read more…] about Kiwibot secures $10 million in new funding

Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

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One of the fastest growing companies in the global robotic and digital surgery space, Ronovo Surgical, recently raised new financing to accelerate its vision of broad, cross-specialty adoption of robotic-assisted surgery.

The latest round of financing arms Ronovo with more than $50 million raised since 2020. Led by LongRiver Investments (LRI), this round garnered continued support from existing investors – Lilly Asia Ventures, Vivo Capital, Matrix Partners China and GGV Capital – with CEC Capital acting as exclusive financial advisor.

Exiting stealth mode, Ronovo unveils its inaugural robotic platform – Carina, an innovative modular system built on proprietary technology to enable configurable robotic assistance for laparoscopic surgeries across multiple specialties. [Read more…] about Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

Nvidia and Abu Dhabi join $73 million Outrider funding round

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Outrider, a startup developing autonomous yard operations for logistics hubs, has closed $73 million in Series C financing led by FM Capital. 

New investors include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and NVentures, Nvidia’s venture capital arm.

Existing investors participating in the round include Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA). Outrider has raised $191 million in financing to date based on its technical leadership in autonomous systems for distribution yards. [Read more…] about Nvidia and Abu Dhabi join $73 million Outrider funding round

Autonomous truck startup Einride raises $500 million in new funding

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Autonomous electric truck startup Einride has secured $500 million in financing, including both a Series C equity raise and a debt facility.

The debt financing, which is the largest asset-backed facility to date for heavy-duty electric vehicles, will provide transformative funding for Einride’s fleet of electric vehicles across the world.

The Series C provides a next step in the funding of new developments and deployments across Einride’s autonomous and digital offerings, as well as expanding Einride’s offerings to new markets and clients. [Read more…] about Autonomous truck startup Einride raises $500 million in new funding

Avidbots raises $70 million in latest funding round

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Avidbots, one of the world’s leading robotics companies, today announced it has raised $70 million in Series C funding.

The financing was led by Jeneration Capital, with strong participation from existing investors True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, and Kensington Capital Partners.

New investors – BMO Capital Partners, Golden Vision Capital and Nicola Wealth – also joined in the latest funding round. With this financing, Avidbots has raised more than $107 million to date. [Read more…] about Avidbots raises $70 million in latest funding round