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Home » Industry Analysis » How Did Evolution Robotics Pull In $14 Million in Series B?

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How Did Evolution Robotics Pull In $14 Million in Series B?

Posted Feb 12, 2009 in personal and consumer robotics, in pricing, in market strategies, in vision, in evolution robotics, in funding, in financing & investment, in venture capitol, in embedded systems, in funding issues,

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Business conclaves are always an excellent barometer of the state of the industry they’re focused on. And the Robotics Trends RoboBusiness Leadership Summit 2011, held last week in Boston, was no exception. Optimism reigned supreme throughout the two-day event, reflecting a view that the robotics industry was now back and stronger than ever, following months of slowed performance brought on by the recession.

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By Dan Kara

The second round of funding of Evolution Robotics by Idealab, Vodafone Ventures and Quercus Trust was good news for companies seeking investment through VC channels, but particularly for robotics firms where most VC funding up until this time has been largely limited to the field of healthcare robotics. However, it seems that ‘robotics technology’, and not ‘robotics’, was the basis of the series B outlay.