Sunday, October 1, 2023

Soft Robotics Secures $23 Million Funding for Further Expansion

By ET Bureau - January 21, 2020 1 Mins Read

Soft Robotics, funding, next phase, investors, Calibrate Ventures, Material Impact, industrial robots, robotic grippers

Robotics firm Soft Robotics has received $23 million in Series B funding from multiple investors. The latest round of funding was led by Calibrate Ventures and Material Impact and includes additional existing investors Honeywell, Hyperplane, Scale, Tekfen Ventures, and Yamaha. This round also brings in FANUC, the world’s largest maker of industrial robots.

Also Read: Top Security Precautions For Adopting IoT

The funding will help the company power the next phase of its growth strategy. Soft Robotics focuses on developing robotic grippers. It had secured $5 million in a Series A round closed in 2015.

Source: https://techcrunch.com/2020/01/20/soft-robotics-raises-23-million-from-investors-including-industrial-robot-giant-fanuc/



AUTHOR

ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

Subscribe To Newsletter

*By clicking on the Submit button, you are agreeing with the Privacy Policy with Enterprise Talks.*