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RISE Robotics Raises $3 Million in Additional Funding to Drive Forward the Electrification and Sustainability of Heavy Machinery

Apr 10, 2020•about 5 years ago

Amount Raised

$3 Million

Round Type

seed

Somerville

Description

RISE Robotics, a leader in high-performance and cost effective electric linear actuation solutions, today announced it has raised $3 million in additional funding. The funding round was led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies that are solving the world’s most urgent problems, such as climate change, through the convergence of breakthrough science, engineering, and leadership.

Company Information

Company

Rise Robotics

Location

Somerville, Pennsylvania, United States

About

RISE Robotics is the leader in high-performance and cost effective electric linear actuation solutions. RISE helps designers embrace high-efficiency, fuel saving actuation solutions that compete with hydraulic cylinders. Designed for medium and heavy duty applications, the RISE Cylinder provides fuel and emissions reductions, improves productivity and extends machine life. Find RISE online: https://www.riserobotics.com/

FundzWatch™ Score

63
Medium Activity

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