COVID-19 is proving to be a huge chauffeur for robotics financial investments– and for excellent factor. Robots do not employ ill, and they’re far less likely to be illness vectors than their human equivalents. Business trying to keep the lights on during this and prospective future pandemics are no doubt taking a serious looking at ways to automate their labor force.

Anecdotally, I have actually been seeing an uptick in interest and raises, especially the storage facility and logistic categories. Amazon’s effective embrace of a growing robotic workforce believes been an inspiration for business big and small, and VCs are certainly sitting up and noticing the phenomenon.

Today, XYZ Robotics is benefiting, revealing a$17 million Series A+. The round comes courtesy of Source Code Capital, Gaorong Capital and Morningside Capital. XYZ says it will be utilizing the cash for research study and advancement, biz dev and scaling up its functional capabilities. The round brings the company’s total financing approximately $27 million. Those are some pretty outstanding overalls for a company established as recently as May 2018. We visited the business’s humble Massachusetts offices this year to chat with the company

about their pick-and-place tech. XYZ is one of countless business working to ideal the innovation, differentiating itself with its vision system and a dexterous system of swappable grippers that can be replaced on the fly. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.