Collaborative Robotics, an innovative robotics company located in Geneva, Switzerland, recently announced that it has secured $30 million in a Series B funding round. The round was co-led by Next47 and Quad4 Capital, with additional investments from Ampeo Invest, a Swiss venture capital fund, as well as existing investors.
The funding will be used to help Collaborative Robotics develop and deploy their ‘novel cobot’—also known as a collaborative robot or co-robot—which is designed to work alongside humans in manufacturing and production environments. The cobot was created to help organizations become more advanced technologically and improve safety for employees.
The company’s cobots come in both stationary and mobile versions and have already been deployed in a wide variety of industries, such as the automotive, pharmaceutical, and aerospace industries. They can be used in manufacturing, assembly, testing, and inspection operations, as well as in business processes such as customer service and data management.
The robots are designed with advanced motion and sensing technologies to allow them to understand their environment and interact safely with humans. They can be programmed to perform specific tasks or movements, and come with a suite of hardware and software. Collaborative Robotics’ robots are designed to be reliable, flexible, and easy to use, making them an ideal choice for companies looking to maximize efficiency and reduce costs.
The $30 million will be used to help Collaborative Robotics expand its offerings and develop new applications for its cobots. The company is also looking into ways to make its robots more intelligent and safer for workers.
The announcement of the funding is a major pathway into the future for Collaborative Robotics, as it will make its robots more widely available for businesses, which can improve worker safety and efficiency. With the support of this investment, Collaborative Robotics can become a major player in the robotics and automation industry.
Hey Subscribe to our newsletter for more articles like this directly to your email.