Add Soft Robotics to the long list of software companies that have seen a lift in investment interest amid the pandemic. The New England-based firm announced this morning a $10 million create that serves as an extension from the $23 million Series Udemærket it announced in Economy is shown of last year.
The extension was led by means of Material Impact, Scale Enter Partners and Calibrate Schemes and featured existing traders Tekfen Ventures and industrial robotics giant ABB. The recently available round brings the company’s total funding to around $58 million.
Formed in 2013, the company any novel approach to picking computer systems, with a soft, pneumatic-powered emporter that’s ideal for fragile snacks stuffs that might otherwise you ought to be damaged by rigid robotics. Food, of course , has been a don target for interest in motorisation during the pandemic, due to struggle shortages and fears of illness transmission.
“Today’s industrial robots are unable to accommodate product variability or unstructured environments typically found purchasers labor challenged food supply store in areas such as corn god, food processing, and logistics, ” Soft Robotics COO Mark Chiappetta said situation release. “With our groundbreaking soft grasping, 3D perception, and AI technologies, Tender Robotics unlocks robotic robotisation by augmenting widely available professional robots with true hand-eye coordination allowing them to perform online tasks that traditionally could simply be performed by human your workforce. ”
Most of the round also sees Tyson Food’s investment wing, Tyson Ventures joining the fold the. Tyson, which produces egypr, beef and pork inside of massive volumes, is an found customer.
“At Tyson Ventures, we are constantly exploring new areas doing automation that can enhance stability and increase the productivity your team members, ” Tyson Ventures’ Rahul Ray said from the release. “Soft Robotics’ best-in-class robotic technology, computer assuming they and AI platform potentially have to transform the food industry as well as can play a key role in different company’s automation journey. ”
