Rios Intelligent Machines, a Menlo Park, CA-based AI-powered robotics company focused on the manufacturing industry, raised $13M in Series B funding.
The round was led by Yamaha Motor Corporation and IAG Capital Partners with participation from existing investors including Main Sequence, which doubled its pro-rata investment.
The company intends to use the funds to accelerate its growth in three key industry segments: wood products, beverage distribution, and packaged food products. Rios will continue to roll out highly differentiated AI and vision-driven robotics solutions, starting with a product in the lumber and plywood handling sector.
Rios is dedicated to empowering clients with real-time insights and control over their AI-powered robotics to automate their manufacturing and automation processes.
FinSMEs
05/03/2024