The seed round was led by Promus Ventures with participation from existing investors including Playfair Capital and MMC Ventures.
"Waste is not recycled when the cost of recycling exceeds the value of the sorted material. By lowering the cost of recycling with artificial intelligence and robotics, we’re breaking this threshold and building a world where our removal chains are fully integrated back into our supply chains"
TSP Ventures led the seed follow on round, which included participation from Humble Holdings and Metavallon.
"we are delighted to be joining the team at Perceptual Robotics. Their mission, to reduce costs and improve efficiencies in the wind turbine inspection market, is helping the whole of the wind industry become more efficient and cost effective. At TSP, we love enabling technologies that can help accelerate the transition to renewable energy and a cleaner future for our planet. We look forward to supporting Kostas and the rest of the team as they scale operations internationally."
The British agritech start-up surpassed its initial target with backing from over 2,500 retail investors.
"This funding round is transformative to Small Robot Company. The 2600 investors have provided us with the resources to deliver on our promise, to both farmers and corporate customers. It is proof, not only that Small Robot Company is technically capable of delivering the change that farmers need, but that there is overwhelming public and industry support for delivering our vision, and the need for per plant farming in the food system of tomorrow."
The funding round was led by SoftBank Vision Fund 2 and co-led by Ally Bridge Group to support international expansion and technological development.
"This latest financing equips CMR with significant funds to accelerate our mission of bringing Versius to hospitals worldwide, whilst providing full flexibility to achieve our goals. This major injection of capital that now values us at $3billion not only reflects the level of interest we have seen in our product, but also the scale of the business, and will enable significant technology developments and global expansion. As the lead investor, SoftBank has a wealth of experience supporting disruptive business models and innovative technologies, and we look forward to leveraging their expertise and extensive ecosystem. I would also like to thank our existing investors for their long-term support."
Suss Ventures has sourced a six-figure sum to support the robotics start-up ahead of its commercial launch.
"The support from Suss ventures was key to put us in front of an early-stage fund that could act as lead investor. Their team has been extremely professional all the way through the process, looking for ways to improve our communication with prospective investors and creating a network of start-ups in similar stages. They have been and continue to be a very valuable asset for us in our current funding round and hopefully for the next ones to come."
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