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funding

Autonomous electric truck startup Fernride raises $31 million in Series A funding

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Fernride, a German autonomous, electric trucking company, has secured $31 million in Series A funding to accelerate the transition towards automated and sustainable logistics by creating the world’s leading human-machine collaboration technology.

Fernride’s unique approach has already convinced leading industry players such as Volkswagen, DB Schenker, BSH, and HHLA. The company has integrated automated trucks into the productive operations of these enterprises over the past 12 months.

The latest funding will be used to scale Fernride’s operations with existing and new customers globally and boost the technological development of their unique approach to human-assisted autonomy. [Read more…] about Autonomous electric truck startup Fernride raises $31 million in Series A funding

ANYbotics raises $50 million in Series B investment

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ANYbotics, a Swiss robotics startup specialising in four-legged mobile robots, have raised $50 million in Series B investment.

The funding round was led by international deep tech investors Walden Catalyst and NGP Capital with participation from Bessemer Venture Partners, Aramco Ventures, Swisscom Ventures, Swisscanto Private Equity, and other existing investors.

The funds will be used to scale deployments internationally, fuel the development of new capabilities, and solidify ANYbotics’ leading competitive position in robotic inspection solutions. [Read more…] about ANYbotics raises $50 million in Series B investment

Swiss agritech startup Ecorobotix raises $52 million in new funding

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Ecorobotix, the Swiss manufacturer of ARA, an AI powered plant-by-plant recognition and a precision smart sprayer system, has completed a $52 million (CHF 46 million) funding round.

The round was jointly led by AQTON Private Equity and Cibus Capital, with additional investments from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, and from existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX Ventures, and Verve Ventures.

The funding will accelerate Ecorobotix’s geographic expansion across new and existing markets and accelerate new product development. [Read more…] about Swiss agritech startup Ecorobotix raises $52 million in new funding

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

Covariant raises $75 million in Series C funding

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Covariant, an AI robotics company, has raised an additional $75 million in Series C funds, bringing its total funding to $222 million.

Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners.

The round also welcomed new investors Gates Frontier Holdings, AIX Ventures, and Northgate Capital. [Read more…] about Covariant raises $75 million in Series C funding

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

Wingtra lands $22 million funding round for its commercial drones

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The business use case and appetite for drone technology is growing rapidly, a marketplace that was worth $29.8 billion in 2022 and is growing 38.6 percent annually.

Serving this demand, Wingtra, which claims to be the world’s largest producer of commercial vertical take-off and landing (VTOL) drones, has closed a $22 million series B funding round as they accelerate their operations globally.

The funding round included DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens (founder of Spring Mountain Capital) and some of the most successful Swiss Entrepreneurs. [Read more…] about Wingtra lands $22 million funding round for its commercial drones

Plus One Robotics raises $50 million in new funding

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Plus One Robotics, a provider of advanced AI vision software and solutions for robotic parcel handling, has raised $50 million in Series C funding.

The round was led by Scale Venture Partners, with Partner Rory O’Driscoll joining the board of directors. Top Tier Capital Partners, Tyche Partners, ROBO Global Ventures, Translink, McRock, and Pritzker Group Venture Capital also participated in the round alongside existing investors, which brings the company’s total funding to date to nearly $100 million.

Plus One’s technology helps to alleviate the persistent shortage of manual labor through robotic solutions, dramatically streamlining the parcel picking and depalletizing processes. [Read more…] about Plus One Robotics raises $50 million in new funding

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

Construction robotics company Kewazo raises $10 million in Series A funding

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Kewazo, a construction robotics startup, has closed its $10 million Series A funding round, bringing the total funds raised to date to approximately $20 million.

The round was led by Fifth Wall, with notable participation from Cybernetix Ventures, Unorthodox Ventures as well as the construction software company Nemetschek.

Existing investors True Ventures and MIG Capital also participated in the round. This round comes on the heels of Kewazo’s $5 million Pre-Series A that closed in September 2021. [Read more…] about Construction robotics company Kewazo raises $10 million in Series A funding