Robotics & Automation News

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Carbon Robotics raises $70 million Series D investment round

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Carbon Robotics, a developer of AI-powered, autonomous farming vehicles and technology, has raised $70 million in Series D financing.

The financing was led by new investor BOND with participation from existing investors NVentures (Nvidia’s venture capital arm), Anthos Capital, Fuse Venture Capital, Ignition Partners, Revolution, Sozo Ventures, and Voyager Capital.

This round brings total company funding to $157 million. As part of the financing, Mood Rowghani, general partner at BOND, will join Carbon Robotics’ Board of Directors.

[Read more…] about Carbon Robotics raises $70 million Series D investment round

Seegrid closes $50 million funding round as market adoption of its autonomous lift truck ‘exceeds expectations’

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Seegrid Corporation, a provider of autonomous mobile robots (AMRs) for pallet material handling, has successfully closed its $50 million Series D investment round, funded by its existing lead investors Giant Eagle Incorporated and G2 Venture Partners, as well as smaller investments from other existing shareholders.

Seegrid says the new investment allows the company to accelerate its autonomous lift truck market initiatives, which are “currently generating more growth than expected”.

Joe Pajer, Seegrid’s CEO and president, says: “We are thrilled to have secured this additional funding from our investors. It enables us to drive our innovative AMR technology and solutions into the market faster, delivering even more value to our customers sooner.

[Read more…] about Seegrid closes $50 million funding round as market adoption of its autonomous lift truck ‘exceeds expectations’

Clarapath closes $36 million Series B investment round to ‘transform 150-year old laboratory processes’

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Clarapath, a medical robotics company modernizing and transforming how pathology laboratories process tissue, has raised $36 million in its Series B-1 funding round, which was led by Northwell Ventures.

Additional new strategic investors participated in the financing, including CU Healthcare Innovation Fund, Mayo Clinic, and Ochsner Ventures, bringing the company’s total funding to $75 million.

Eric Feinstein, CEO of Clarapath, says: “Our strategic investors share in our mission to significantly overhaul this critical aspect of patient care that has long been overlooked. [Read more…] about Clarapath closes $36 million Series B investment round to ‘transform 150-year old laboratory processes’

RIOS Intelligent Machines completes $13 million Series B funding round

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RIOS Intelligent Machines, a provider of AI-powered robotics for the manufacturing industry, has successfully completed a $13 million Series B funding round.

This significant milestone was co-led by Yamaha Motor Corporation and IAG Capital Partners, marking a continued and strengthened partnership in advancing manufacturing and automation technologies.

Since 2020, Yamaha Motor Corporation has been a steadfast investor in RIOS. Their decision to co-lead this round alongside IAG Capital Partners highlights their confidence in RIOS’s technology, team, and growing customer attraction. [Read more…] about RIOS Intelligent Machines completes $13 million Series B funding round

Bota Systems raises $2.5 million in seed round to ‘give robots sense of touch’

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Bota Systems, a pioneer in advancing robotics with force torque sensing solutions, announces the completion of a $2.5 million seed round led by Marathon Venture Capital, along with the participation of angel investors.

As part of the round, Bota Systems will grow the team to address increasing demand by leading research labs and manufacturing companies globally, along with accelerating its ambitious product roadmap towards delivering a superior robotic platform with outstanding sensitivity. [Read more…] about Bota Systems raises $2.5 million in seed round to ‘give robots sense of touch’

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

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

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

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