George Konidaris, founder, CTO and chief roboticist at Realtime Robotics.

Summary List Placement

Mobility tech startup Realtime Robotics recently raised fresh funding to help manufacturers, suppliers, and logistics companies improve the efficiency of their robots through motion planning technology that tells them how and when to move.

The firm announced an extension to its Series A in June 2021, adding $19.7 million to the $11.7 million it announced in late 2019, for $31.4 million total raised. The extension boosted its valuation to $80 million, the company said, and included existing investors SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures, and Duke Angels, and new investors HAHN Automation, SAIC Capital Management, Soundproof Ventures, and Heroic Ventures.

Realtime Robotics plans to use the funding to speed product development and expand the company’s offering to other markets outside the US. 

The promise of robotics and automation have loomed over various industries for years, but the pandemic provided even more of a boost: From March 2020 to March 2021, robotics startups collectively raised $6.3 billion in venture funding, according to PitchBook, an increase of nearly 50% from the year prior.

Realtime Robotics in particular garnered increased interest for its warehouse and logistics use cases. Its specialized processor, which tells …read more

Source:: Businessinsider – Technology

      

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