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Soft Robotics Announces Oversubscribed Funding Round

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January 22, 2020
BEDFORD, Mass.-- Soft Robotics, Inc., an innovative robotics pioneer, today announced that it has raised $23 million in an oversubscribed Series B funding round. The round is co-led by Calibrate Ventures and Material Impact and includes additional existing investors Honeywell, Hyperplane, Scale, Tekfen Ventures, and Yamaha. With this round Soft Robotics also adds FANUC Corp., the world’s largest industrial robot manufacturer, as a new investor.

Soft Robotics previously announced a strategic partnership with FANUC to integrate Soft Robotics’ mGrip adaptable gripper system with any FANUC robot through the deployment of a new controller. The combined product was introduced at IREX in Tokyo, Japan in December 2019.

Addressing the most challenging applications from primary and secondary food packaging to unstructured bin picking, Soft Robotics’ proprietary grasping technology, machine vision, and software solutions enable automation solutions for large and meaningful industries such as food and beverage, consumer goods and cosmetics manufacturing, e-commerce supply chains, and more.

Continue learning more via the following article from BUSINESS WIRE
Contact:
Anthony Leo, Regional Sales Manager - U.S./Canada Central
aleo@softroboticsinc.com, (248) 550-0008

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