The Series A round was led by Kindred Capital and Capnamic Ventures with participation from angel investors.
"We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value. We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it."
The funding round was led by Octopus Ventures and MMC Ventures with participation from Amadeus Capital Partners and Toyota AI Ventures.
"Even before the crisis, SLAMcore was engaged in many conversations with companies – big and small – who needed a better way to solve spatial intelligence issues in robotics. Especially across sectors such as drones, robots, and AR/VR, the coronavirus pandemic has lit the touch-paper and we are primed to meet exploding demand. In the past few weeks alone, we have seen a huge spike in enquiries as robotics companies want fast solutions to get their robots to market sooner."
The investment from the Development Bank of Wales and Britbots will fund new headquarters and staff in Cardiff.
"We are delighted to have closed this round of fundraising and very pleased to welcome the Development Bank of Wales, as well as the new angel investors. We’ve worked closely with them all over the last few months and they have shared our excitement as we demonstrated how we intend to provide a unique platform for all those consumers in the robot industry."
Cass Entrepreneurship Fund and The FSE Group back drone manufacturer Evolve Dynamics in its latest funding round.
"We are delighted to support the Evolve Dynamics team, who have demonstrated the value proposition of their product to their target market with strong growth to date. We’re very pleased to be helping them scale and expand into new markets. The company has an impressive number of orders already for the next few months and customer satisfaction with the drone’s performance in a range of scenarios has been excellent."
The record European medtech financing was backed by new US investors and existing partners including LGT and Cambridge Innovation Capital.
"We are pleased to welcome new US investors whose calibre and scale are reflective of the scale of CMR's mission to transform surgery. I would also like to thank our existing investors for their long-term commitment in supporting this company to achieve its global mission. The significant capital injection in a UK scale-up reconfirms my belief that the Cambridge eco system has fostered a unique pool of diverse talents and competencies that will help drive our innovation in the years ahead. With new and existing investors onboard, CMR is well-placed to make surgical robotics accessible for all."
