Collaborative Robotics Receives $30 Million Investment

Collaborative Robotics announced that it has raised $30 million in Series A funding led by new lead investor Sequoia Capital, bringing the total amount raised since inception to over $40 million. The financing was led by Sequoia Capital with participation from former Amazon executive Jeff Wilke, Khosla Ventures, Mayo Clinic and several existing investors. It should be noted that the startup was founded in 2020 by Brad Porter, who previously served as the head of Amazon's robotics unit.

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Collaborative Robotics

Collaborative Robotics is focussed on developing cobots, robots designed to work alongside humans. The startup aims to automate the task of moving goods within warehouses and other facilities. Its system is designed to move boxes, baskets and trolleys. It also reduces the need for human intervention. The company's cobot stands out from other humanoid robots being developed in the same category. Many startups are building humanoid warehouse robots. But Collaborative Robotics has chosen a different approach.

In addition to warehouse automation, Collaborative Robotics plans to expand its focus to other sectors and locations such as offices, stadiums and hotels. The startup envisions its robots being used for tasks such as facility cleaning and visitor guidance. Technical details about the hardware were not disclosed. The startup already has many customers in various industries, including biotechnology, healthcare, logistics and manufacturing. The startup offers the Cobot Flywheel Programme, a professional service that helps companies set up warehouse automation systems in their supply chain facilities.

With $30 million in funding, what is Collaborative Robotics aiming for? It was stated that it will invest in commercialisation startups. This includes expanding the robot manufacturing infrastructure and initiating early field deployments. Brad Porter, CEO of the startup, stated that it will accelerate their mission to bring practical cobots to the market. He also expressed his excitement about financing. He believes their vision of robots that seamlessly integrate into various environments to increase operational efficiency and human potential is now closer than ever.