RIOS Intelligent Machines Secures $13 Million in Series B Funding
March 11, 2024, 12:02 pm
RIOS Intelligent Machines, Inc.
Location: United States, California, Palo Alto
Employees: 11-50
Founded date: 2018
Total raised: $46M
RIOS Intelligent Machines, a trailblazer in AI-powered robotics for manufacturing, has successfully closed a $13 million Series B funding round. Yamaha Motor Corporation and IAG Capital Partners co-led this round, showcasing a strong partnership in advancing automation technologies. Yamaha's increased investment underscores their confidence in RIOS's technology and growth trajectory. IAG Capital Partners, with their expertise in building manufacturing companies, will be instrumental in RIOS's expansion. Existing investors, including Main Sequence, also showed strong support by doubling their investment. This funding will drive RIOS's growth in wood products, beverage distribution, and packaged food sectors, with a focus on delivering innovative AI and vision-driven robotics solutions. RIOS's commitment to empowering clients with cutting-edge automation solutions sets them apart in the manufacturing landscape. Stay tuned for more updates on RIOS's journey to revolutionize manufacturing automation.