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Southie Autonomy Secures $2.5 Million Seed Funding & $5M In Robot Lease Financing

May 09, 2022•over 3 years ago

Amount Raised

$2.5 Million

Round Type

seed

Boston

Description

Southie Autonomy, a developer of intelligent robotic automation, today announced it has raised $2.5 million in seed funding led by BootstrapLabs, a venture capital firm focused on applied artificial intelligence, and with the participation of Ocean Azul. Kineo Finance participated in the equity round and is providing an additional $5 million in venture leasing to support Southie’s disruptive robot-as-a-service business model.

Company Information

Company

Southie Autonomy

Location

Boston, Massachusetts, United States

About

Southie Autonomy has developed an easy-to-use robot arm solution for automating packaging assembly, palletization and kitting. The innovative AI/AR platform creates a program for the robot to follow, enabling it to pick up objects of varying shapes and sizes. No coding, engineering, or highly trained experts are necessary, enabling any operator to instruct a robot to perform packaging assembly within minutes using only simple gestures. Learn more about Southie Autonomy here and connect on Twitter and LinkedIn.