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Lift Wave, Inc. announced it raised $7.36 Million in an initial filing from an offering of $7.86 Million

Apr 09, 2020over 5 years ago

Amount Raised

$7.36 Million

SomervilleManufacturing

Company Information

Company

RISE Robotics

Location

1 UNION SQUARE

Somerville, Massachusetts, United States

About

Liftwave Inc. is doing business as RISE™Robotics. RISE Robotics is a Somerville, MA-based startup backed by MIT’s The Engine, Techstars, and Fortistar Capital, modernizing heavy machinery used by the DoD with its patented dual-use Beltdraulic™ technology, a fluid-free, zero-emissions, autonomy-ready linear actuator that delivers hydraulic-like power without the drawbacks. Beltdraulic is 3x faster, 3x more efficient, with significantly lower maintenance than hydraulics, improving operational efficiency, resilience to contested logistics, and mission readiness. Recently awarded the Guinness World Record for the “World’s Strongest Robotic Arm Prototype”, RISE is a Reg CF company, allowing both accredited and non-accredited investors to own a piece of the future with better machines through Wefunder.

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