Read previewAnother robotics startup has raised a large amount of money, signaling a rebound in investor appetite in the space.
Collaborative Robotics, an automation startup founded by former Amazon Robotics chief Brad Porter, just raised $100 million in a round led by General Catalyst.
The latest round values Collaborative Robotics at more than $500 million, Porter told Business Insider.
Founded in 2022, Collaborative Robotics has 35 employees and deployed its first product earlier this year.
Mayo Clinic, which also invested in Collaborative Robotics, is one of the early customers, he added.
Persons:
—, Brad Porter, General Catalyst, Porter, hasn't, Pitchbook, There's
Organizations:
Service, Robotics, Amazon Robotics, General, Bison Ventures, Industry Ventures, Lux Capital, Sequoia Capital, Khosla Ventures, Business, Physical Intelligence, Mayo Clinic, Venture