Gamma 2 Robotics, a Denver, CO-based developer of a security robot, closed a $3.5m Series A financing.
The closing, which occurred on March 31, 2015, is comprised of two tranches. The first tranche, for $1.6m, was released on that same date. The second tranche, for $1.9m, is scheduled to be released within 60 days of that date.
The round was led by Foxlink Group, a Taiwan-based electronics manufacturer with 2014 revenue of $3.0 billion. Silicon Valley-based Donald Yu, Chairman of the Hanhai Investment Committee, will join the G2R Board of Directors.
The company, which has now raised over $4.45m in total, intends to use the funds to enhance corporate leadership, execute a national product rollout and develop the next generation outdoor version of the robot.
Led by Interim CEO Gary Graham, Gamma 2 Robotics provides businesses and system integrators with a security robot that learns and works in a variety of dynamic environments. The robots aims to reduce operational security costs, enhance reliability of operations and add new services, including mobile video surveillance, temperature and humidity monitoring and detection of intruders, fire, smoke, water, gas, and explosive chemicals.