Collaborative Robotics Secures $100M to Advance Cobot Technology and Expand Team.
Collaborative Robotics is dedicated to redefining human-robot interaction with cobots that integrate seamlessly into various work environments, streamlining workflows and reducing errors while alleviating employee strain.
Company Name: Collaborative Robotics
Location: Santa Clara, CA
Sector: Robotics
Funding Details: Raised $100M in Series B funding, bringing the total funding to $140M. The round was led by General Catalyst, with participation from Bison Ventures, Industry Ventures, Lux Capital, and existing investors including Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures, and Calibrate Ventures.
Purpose of Investment: To expand the team with talent and advance commercial deployments.
Leadership: Led by CEO and founder Brad Porter, with industry leader Teresa Carlson joining as an Advisor.
Product: Collaborative Robotics specializes in the development of practical collaborative robots (cobots) that work alongside humans to enhance productivity and reduce operational costs in sectors such as manufacturing, logistics, healthcare, and municipal services.
About Company: Collaborative Robotics is dedicated to redefining human-robot interaction with cobots that integrate seamlessly into various work environments, streamlining workflows and reducing errors while alleviating employee strain.