Sierra Ventures

Assembly Line

Augmentus Raises Oversubscribed USD 5M Series-A Round to Bring No-Code Robotics to the World

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Augmentus, Sierra Ventures

Augmentus, a leader in no-code robotics software, has successfully raised USD 5M in Series-A funding. The round was led by Sierra Ventures, along with Cocoon Capital. The funds will be used to scale operations in the US, Europe, and Asia, meeting increasing customer demand of various industries and sizes. As part of its expansion plans, Augmentus will leverage its Augmentus System Partner (ASP) program to onboard system integrators and channel partners, focusing on high-mix and complex manufacturing. A portion of the investment will also be allocated to intensify research. Augmentus has supplied to more than 30 manufacturers worldwide, including Fortune 500 companies. The platform is compatible with over ten major robot OEMs, including ABB, Kawasaki, and Kuka.

Read more at PR Newswire