Robotics & Automation News

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Vecna Robotics closes $100 million in Series C funding

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Vecna Robotics, a provider of flexible material handling automation solutions, has closed its Series C round at $100 million, with $40 million in new funding including equity and debt. This latest investment nearly doubles the company valuation from the previous round.

Tiger Global Management, Proficio Capital Partners, and IMPULSE participated in the round.

The cash infusion will be used to fund new workflow-specific innovations that enable the company to deliver rapid return on investment to cost conscious warehouse operators served by the $165 billion pallet-moving autonomy market. [Read more…] about Vecna Robotics closes $100 million in Series C funding

PaintJet raises $10 million in Series A funding

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PaintJet, the robotics company bringing automation to industrial painting, has raised $10 million in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages.

The latest round of funding was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures. This brings PaintJet’s total funding to $14.75 million.

Every single commercial building needs to be painted for protection from the natural environment, but the American painting sector is in crisis, lacking 100,000 laborers that are needed to meet today’s project demands. [Read more…] about PaintJet raises $10 million in Series A funding

Augmentus raises $5 million to expand ‘no-code robotics’ offering

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Augmentus, a developer of “no-code” robotics software, has successfully raised $5 million in Series A funding. The round was led by Sierra Ventures, along with Cocoon Capital.

Conventional robot programming is fragmented and costly, requiring extensive training and expertise due to proprietary programming languages. This results in 75 percent of lifetime costs being attributed to software and programming.

The industrial robotics software market is expected to reach $47 billion by 2030, growing at a compound annual growth rate of 27 percent. Augmentus aims to disrupt this market. [Read more…] about Augmentus raises $5 million to expand ‘no-code robotics’ offering

Miso Robotics opens Series E funding round after already raising $50 million

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Miso Robotics, the robotics company specialising in the restaurant industry with, is opening its Series E funding round after raising more than $50 million through equity crowdfunding in its Series C and D.

The company is aiming to raise $40 million this round and plans to use the new capital to more rapidly satisfy the product demand it is facing in the marketplace, as well as grow its workforce, which has more than tripled in size in the past year.

It is currently accepting investment reservations in this round while it undergoes the SEC review process.  [Read more…] about Miso Robotics opens Series E funding round after already raising $50 million