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Rios Announces $28M In New Funding To Automate Old-Line Industries

Feb 22, 2022•over 3 years ago

Amount Raised

$28 Million

Menlo Park

Description

RIOS Intelligent Machines, Inc., leader of end-to-end AI-powered robotic workcells for factory automation, announced today that it has raised $28 million in Series A equity funding and debt financing. This new round of funding, together with a $5 million venture round announced back in 2020, raise RIOS' total capitalization to $33 million. The oversubscribed Series A round was led by new deep tech investor Main Sequence, along with new major investors Yamaha Motor Ventures, Orbit Venture Partners, Hypertherm Ventures, and strong participation from existing investors Valley Capital Partners, Morpheus Ventures, Grit Ventures, and others. Main Sequence Partner Mike Zimmerman is joining RIOS' board of directors, and Yamaha Motor Ventures COO & Managing Director Anish Patel has joined as a board observer.

Company Information

Company

Rios

Location

Menlo Park, California, United States

About

RIOS Intelligent Machines, Inc. ("RIOS") is helping enterprises automate their entire factories, warehouses, or supply chain operations – by deploying AI-powered end-to-end robotic workcells that integrate within existing workflows. RIOS is the leader of fullstack AI-powered robotic workcells for factory automation and deploys its robotic fleet at scale to transform labor-intensive factories into "lights-out" factories of the future powered by robotics and AI. It has developed some of the most advanced hardware and AI/software platforms in the robotics world, including human-like tactile sensors for robots, haptics intelligence platform, and highest performance end-of-arm tooling and food-grade grippers. RIOS is a Silicon Valley technology company that was founded by former Xerox PARC engineers. The company is headquartered in Menlo Park, CA, and has a distributed workforce across the US and a subsidiary in Australia. More information is available at www.rios.ai.

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