Robotics Hub, a Pittsburgh, PA-based firm aimed at creating robotics companies, has launched a $50m fund.
According to a regulatory form filed with the SEC, Robotics Hub Fund 1, LP, already raised $2.55m from 4 backers.
Led by Christopher Moehle, Eric Daimler, and James Fee, Robotics Hub aims to actively create companies involved in leveraging robotics innovation.
Began as an in-house, cross-campus Robotics Ventures Initiative at Carnegie Mellon in August of 2013, the firm spun out as an independent for-profit entity to identify, build, and guide the most promising startups in the field of advanced robotics serving the broader regional and national robotics community in late 2015.
The site shows four companies in the portfolio including Robotany, Frame.AI, Travelwits and Agility Robotics.