Collaborative Robotics – a leader in practical collaborative robots (cobots) – recently announced it raised $30 million in Series A funding led by new anchor investor, Sequoia Capital, bringing the total amount raised to over $40 million. The funding will enable Collaborative Robotics to begin scaling early field deployments and manufacturing of its novel cobot.
Sequoia Capital led the funding round, with Alfred Lin joining the board. Other contributors include Khosla Ventures and Mayo Clinic, with Calibrate, Neo, and 1984.vc expanding existing investments. Jeff Wilke, former CEO of Amazon Consumer, Fuel Capital, and MVP Ventures added to the pool.
The company was founded in 2022 by Brad Porter, former VP of Amazon Robotics.
Alongside Collaborative Robotics development of their cobot, the team launched the Cobot Flywheel Program to help the world’s most innovative biotech, healthcare, and logistics companies drive operational transformation with advanced robotics solutions. In collaboration with Collaborative Robotics, Mayo Clinic has adopted the Cobot Flywheel Program to accelerate robotics initiatives.
Mayo Clinic is financially interested in the technology referenced in this press release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education, and research.
KEY QUOTES:
“Our vision for a future where robots seamlessly integrate into our surroundings to enhance operational efficiency and human potential is now closer than ever. This funding will accelerate our mission to bring the world’s first truly practical cobots to market.”
— Brad Porter
“The need for automated solutions is at an all-time high as consumer demand for e-commerce surges and turnover rates in warehouse and storage industries continue to rise. Collaborative Robotics is ushering in a new frontier of human-robot interaction rooted in collaboration, which is evident in their early commercial traction. We’re thrilled to partner with the team and Brad, whose comprehensive understanding of the robotics landscape and extensive experience deploying robotics at scale is unparalleled.”
— Alfred Lin, partner at Sequoia Capital
“Mayo Clinic is working with Collaborative Robotics to redefine how healthcare approaches automation. The Cobot Flywheel model is a novel approach to driving change in a complex healthcare environment where patient safety and care are paramount.”
— Stephen Fischer, Operations Administrator at Mayo Clinic
