Developer of collaborative pick-assist robots Rapyuta Robotics has secured US$51m (£40.6m) in Series C funding led by Goldman Sachs, which will be used to accelerate expansion of its robotics solutions and AI technologies for global logistics operations.
Rapyuta Robotics said it is focused on making robotics useful for all logistics applications, and providing support for the development, implementation, and operation of robotics solutions.
“Rapyuta Robotics will further its mission to make robots more attainable to global logistics users and to empower lives with new cloud robotics solutions,” said Gajan Mohanarajah, CEO and co-founder, Rapyuta Robotics .
“We are grateful to Goldman Sachs and all our investors for their support of our vision to make robots more accessible by taking a platform approach.”
This is Rapyuta Robotics’ third round of funding, bringing total capital raised to US$81m (£64.5m). The latest funds raised are earmarked for expanded development of the Rapyuta PA-AMR (picking assist robot), partner training, research and development, and increased awareness of autonomous mobile robots and robotics usage in the logistics industry.
“While the global logistics industry is rapidly expanding due to rising e-commerce demand, it faces a wave of digitisation and a challenge of labour shortage,” added Stephanie Hui, global co-head of Growth Equity at Goldman Sachs Asset Management.
“As the industry seeks for automation solutions to improve efficiency, we are optimistic about the growth of Rapyuta Robotics as a pioneer in cloud robotics platforms.”
