Collaborative Robotics, a San Francisco, CA-based developer of practical collaborative robots (cobots), raised $30M in Series A funding.
The round, which brought the total amount raised to over $40M, was led by new anchor investor Sequoia Capital, with participation from Khosla Ventures, Mayo Clinic, Calibrate, Neo, 1984.vc, Jeff Wilke, Fuel Capital, and MVP Ventures. Sequoia’s Alfred Lin joined the board.
The company intends to use the funds to begin scaling early field deployments and manufacturing of its novel cobot.
Founded in 2022 by Brad Porter, former VP of Amazon Robotics is advancing practical collaborative robots (cobots) and launched the Cobot Flywheel Program to help companies in biotech, healthcare, and logistics drive operational transformation with advanced robotics solutions. As part of its collaboration with Collaborative Robotics, Mayo Clinic has adopted the Cobot Flywheel Program to accelerate robotics initiatives.
FinSMEs
26/07/2023