Realtime Robotics, developer of autonomous motion planning solutions for industrial robots, has completed its US$31.4m (£221.6m) Series A funding round.
Realtime plans to use this investment to accelerate its product rollouts. The company designs solutions to enable single or multiple robots to operate autonomously at full speed in unstructured and uncaged environments.
According to Realtime, its solutions allow industrial robots to be deployed, updated and re-deployed with minimal programming. It added their technology empowers companies to automate more processes by removing engineering complexity and reducing cycle time, lowering overall expenses, increasing throughput, driving greater operational efficiency and significantly improving ROI.
“This investment by some of the world’s leading manufacturers and automation providers stands as a testament to our ability to dramatically improve the value proposition for robotic implementations,” said Peter Howard, CEO, Realtime Robotics.
“Having already realised early deployment success, a broad spectrum of customers and partners are working closely with us to refine features and user experiences, readying our technology for rollouts in their engineering, factory and warehouse operations.”
This latest investment round was led by Hahn Automation and Saic Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures. These join existing investors Sparx Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures and Duke Angels in concluding this round.
Philipp Unterhalt, CEO of the Hahn Group, commented: “As one of the world’s leading voices in industrial automation, we understand the importance of improving efficiency at every step of the process.
“Realtime Robotics has taken on this problem with a unique approach – using integrated planning software and controls to speed programming, improve flexibility and improve throughput, simply making industrial automation more affordable and effective.”
