Collaborative Robotics Inc. Secures $100M in Series B Funding
April 11, 2024, 9:31 pm
Collaborative Robotics Inc., a secretive robotics startup, has successfully closed a $100 million Series B funding round, bringing its total raised amount to over $140 million in less than two years. The round was led by General Catalyst and included new investors such as Bison Ventures, Industry Ventures, and Lux Capital, as well as existing investors like Sequoia Capital and Khosla Ventures. Founded in 2022 by former Amazon robotics head Brad Porter, the company is focused on developing innovative collaborative robots, or cobots, that can work alongside humans in various industries.
Collaborative Robotics Inc. was founded by Brad Porter, a former Amazon robotics executive, who has assembled a team of experts from top tech companies like Apple, Google, and Microsoft. The startup aims to revolutionize the robotics industry by creating cobots that can perform complex tasks with minimal human intervention. Despite maintaining a veil of secrecy around its cobot designs, the company has deployed prototypes at customer warehouses in industries such as biotech, healthcare, and logistics.
Porter revealed that the company's cobots are designed to be similar in size to humans, with the ability to move in any direction using four wheels. The robots are equipped with sensors that allow them to interact with their environment and perform tasks like moving boxes and carts. Unlike humanoid robots, which are expensive and less efficient in commercial settings, Collaborative Robotics Inc.'s cobots offer a more cost-effective and reliable solution for tasks like warehouse automation.
The company believes that cobots will transform industries such as manufacturing, healthcare, and retail by enhancing efficiency and workplace safety. With the new funding, Collaborative Robotics Inc. plans to accelerate the deployment of its cobots in various settings beyond logistics warehouses. Industry experts like Holger Mueller of Constellation Research Inc. see the company's cobots as a key solution to address the shortage of skilled workers in industries that require automation.
In addition to securing funding, Collaborative Robotics Inc. has brought on industry veteran Teresa Carlson as an advisor. Carlson, who previously led digital transformation at Amazon Web Services and Microsoft, will help the company scale its industrial automation solutions globally. With a focus on human-robot interaction and practical applications, Collaborative Robotics Inc. is poised to lead the way in the development of versatile and capable cobots that can revolutionize the way we work.
Collaborative Robotics Inc. was founded by Brad Porter, a former Amazon robotics executive, who has assembled a team of experts from top tech companies like Apple, Google, and Microsoft. The startup aims to revolutionize the robotics industry by creating cobots that can perform complex tasks with minimal human intervention. Despite maintaining a veil of secrecy around its cobot designs, the company has deployed prototypes at customer warehouses in industries such as biotech, healthcare, and logistics.
Porter revealed that the company's cobots are designed to be similar in size to humans, with the ability to move in any direction using four wheels. The robots are equipped with sensors that allow them to interact with their environment and perform tasks like moving boxes and carts. Unlike humanoid robots, which are expensive and less efficient in commercial settings, Collaborative Robotics Inc.'s cobots offer a more cost-effective and reliable solution for tasks like warehouse automation.
The company believes that cobots will transform industries such as manufacturing, healthcare, and retail by enhancing efficiency and workplace safety. With the new funding, Collaborative Robotics Inc. plans to accelerate the deployment of its cobots in various settings beyond logistics warehouses. Industry experts like Holger Mueller of Constellation Research Inc. see the company's cobots as a key solution to address the shortage of skilled workers in industries that require automation.
In addition to securing funding, Collaborative Robotics Inc. has brought on industry veteran Teresa Carlson as an advisor. Carlson, who previously led digital transformation at Amazon Web Services and Microsoft, will help the company scale its industrial automation solutions globally. With a focus on human-robot interaction and practical applications, Collaborative Robotics Inc. is poised to lead the way in the development of versatile and capable cobots that can revolutionize the way we work.