Soft Robotics Inc. secures $26M in first close of Series C led by Tyson Ventures. Marel and Johnsonville also invest and join Soft Robotics powerful syndicate.
Soft Robotics Inc. (SRI) announced today that it raised $26M in an initial Series C closing and will use the funds to expand commercial deployment of its mGripAI™ robotic picking solutions. mGripAI is an easy-to-integrate automation package that combines ultra-fast 3D vision and artificial intelligence technologies with patented and proven, IP69K-rated, soft grasping to give industrial robots the hand-eye coordination of humans. This unprecedented combination of robotic “hands,” “eyes,” and “brains” enables, for the first time, the use of high-speed industrial arms to automate bulk picking processes throughout protein, produce, dairy, baked goods, and prepared foods operations.
Soft Robotics’ Series C was led by Tyson Ventures, the venture capital arm of Tyson Foods (NYSE:TSN), and brings new investors, Marel (AEX:MAREL) and Johnsonville, into SRI’s powerful investor syndicate. SRI reported that it closed the first $26M of an undisclosed-size round with participation from these new investors and strong participation from existing investors.