Collaborative Robotics raises $100 million amid robots funding boom

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Collaborative Robotics raises $100 million amid robots funding boom
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Tasty TajarinNorthern Italian Pasta Pairing | SaltWire #cookingshorts #cookingrecipes #cookingreel - U.S. startup Collaborative Robotics said on Wednesday it has raised $100 million in a Series B funding round, as investors bet on a new generation of robots incorporated with artificial intelligence capabilities.

Single-purpose robots previously attracted venture capital funding, but have recently fallen out of favor due its intensive capital needs and relatively narrow use cases. With a manufacturing facility in Santa Clara, California, Cobot now has 35 people and plans to double the number of employees in the next 12 months.

The startup currently has four customers and is working with companies across the logistics, retail and healthcare sectors.

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