Backers included Caterpillar Ventures, GE Ventures, Microsoft, Cottonwood Technology Fund and two other private investment firms, together with the company’s three co-founders Ben Wolff, Dr. Fraser Smith and Dr. Marc Olivier. In connection with the investment, Peter Klein, former CFO of Microsoft, Ray Quintana, General Partner of Cottonwood Technology Fund, Ralph Taylor-Smith, Managing Director of GE Ventures, and Seattle-area technology and telecom investor Dennis Weibling have joined the Sarcos board of directors.
The company intends to use the funds to expand the team and to accelerate the production and deployment of its Guardian line of robots.
Sarcos develops and produces human operated robots designed to improve safety in industries ranging from construction to manufacturing, oil & gas, mining, infrastructure inspection, logistics, public safety and military.
FinSMEs
12/09/2016