Realtime Robotics, a developer of collision-free autonomous motion planning for industrial robots, today announced that it has secured an additional $9.5 million in funding from Shinhan GIB and Kyobo Life Insurance.
Driven by the strong response to its RapidPlan industrial robotics motion control and collision avoidance software, Realtime will use this additional investment to drive further product enhancements, incorporate feedback from customers and partners, and scale to support additional go-to-market efforts.
RapidPlan reduces the annual costs of robotic automation by two-thirds and makes the robot programming process up to 5x faster, all while eliminating collisions and removing the majority of manual, time-consuming adjustments. [Read more…] about Realtime Robotics raises $9.5 million in additional funding