Robotics & Automation News

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RIOS raises $28 million to automate ‘old-line industries’ with AI robotic workcells

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RIOS Intelligent Machines, a startup developing artificial intelligence-powered robotic workcells for factory automation, has raised $28 million in Series A equity funding and debt financing. 

This new round of funding, together with a $5 million venture round back in 2020, raise RIOS’ total capitalization to $33 million.

The oversubscribed Series A round was led by new deep tech investor Main Sequence, along with new major investors Yamaha Motor Ventures, Orbit Venture Partners, Hypertherm Ventures, and strong participation from existing investors Valley Capital Partners, Morpheus Ventures, Grit Ventures, and others. [Read more…] about RIOS raises $28 million to automate ‘old-line industries’ with AI robotic workcells

RIOS raises $5 million to launch robots with ‘human-level dexterity’

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RIOS, a developer of dexterous AI-powered robots for automating assembly lines, has come out of stealth mode and raised $5 million in venture funding.

RIOS, which spun out of Stanford University and was founded by former Xerox PARC engineers, helps customers automate their factories, warehouses, and supply chain operations by installing what it describes as a “new class of highly-dexterous robots” that handle hard-to-automate tasks in unstructured environments.

RIOS not only automates individual lines, but also builds “lights out” factories by partnering with its network of systems integrators. [Read more…] about RIOS raises $5 million to launch robots with ‘human-level dexterity’