Neato Robotics, Inc., a Newark, CA-based company that develops new technologies and products to perform household chores, has closed $12.2m in Series D equity financing.
Lead investors include Vorwerk Ventures and Noventi Ventures.
The company plans to use the funding to expand operations, sales and marketing, and for product development.
Founded in 2004 and led by CEO Warren Flick, Neato Robotics has developed an intelligent, laser-guided navigation system, paired with a robotic vacuum cleaner system.
FinSMEs
19/04/2012