US-based Robotics start-up Collaborative Robotics (Cobot) has raised a total of $40m (c.£31.2m) in seed and Series A funding to support its vision of transforming business with “trustworthy collaborative robots”.
With the funding, led by Sequoia Capital and supported by Khosla and Mayo Clinic, the firm says it is in “an even stronger position” to bring its mission to life.
Early investors in the firm included Neo, Calibrate, 1984.vc, Fuel Capital, and MVP Ventures.
Sequoia’s Alfred Lin has also joined the board of the start-up, a move that the firm says “heralds a new chapter” in its journey.
In a statement, Collaborative Robotics said: “Our customers come from diverse sectors: a major global logistics provider, a leading biotech company, and a renowned hospital operator, but they all share a deep belief and commitment to the transformative potential for robots and particularly robots that partner with and work alongside their team as part of their team.
“To have these deep relationships so early in our journey is a clear testament to the shared vision of harnessing collaborative robotics to elevate human potential.”
Collaborative Robotics is a California-based start-up that was formed in 2022.
Image credit: Collaborative Robotics
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