RIOS comes out of stealth to announce $5M in funding for ‘industry-agnostic’ robotics

RIOS comes out of stealth to announce $5M in funding for ‘industry-agnostic’ robotics

a week ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/06/30/rios-comes-out-out-stealth-to-announce-5m-in-funding-for-industry-agnostic-robotics/

Bay Area-based robotics startup RIOS is coming out of stealth today to announce $5 million in funding. The round is being led by Valley Capital Partners and Morpheus Ventures, with participation from a long list of investors, including Grit Ventures, Motus Ventures, MicroVentures, Alumni Ventures Group, Fuji Corporation and NGK Spark Plug Co.

The move comes during a time of increased interest in factory automation. A number of different startups have received massive funding of late, including Berkshire Grey’s massive $263 million raise in January. RIOS’s raise is considerably smaller, of course, but the young company has more to prove.