Contoro Robotics, an Austin, TX-based company augmenting robot intelligence with AI and teleoperation, raised $4.7M in Seed funding.
The round was led by SV Investment with participation from Kakao Ventures, Bass Investment, Future Play, and UT Austin Seed Fund.
The company intends to use the funds to accelerate development of robot technology powered by augmented intelligence.
Led by Youngmok Yun, CEO and Founder, Contoro Robotics is developing AI/teleoperation technology that enables robots to be controlled autonomously and remotely. Its mission is to introduce advanced intelligence to robotic arms by combining AI and human intelligence. This will open a wide range of possibilities for robot usage in a variety of industries such as logistics, manufacturing, and agriculture.
Contoro Robotics is currently focused on solving oversea container unloading challenges for warehouse businesses. A pilot program using the technology is scheduled to launch in Q3 of 2023.
Last year, the company raised a $1.3 million Pre-seed round led by Village Global, which is backed by industry luminaries such as Bill Gates, Jeff Bezos, and Mark Zuckerberg. Including Seed Round, Contoro has raised $6M up to date.
FinSMEs
29/06/2023