Harvest Automation has secured $4M in Series A financing from investors Life Sciences Partners, MidPoint Food & Ag Funds and The Massachusetts Technology Development Corporation.
By RBR Staff
January 11, 2010
Founded by robotics industry veterans, Harvest Automation, a maker of materials handling robots, has secured $4M in Series A financing from investors Life Sciences Partners, MidPoint Food & Ag Funds and The Massachusetts Technology Development Corporation.
Harvest Automation, Inc., a robotics company developing solutions for material handling, today announced that it has secured $4.0M in Series A financing from three leading venture firms including Life Sciences Partners (LSP), the Midpoint Food & Ag Fund, and MTDC. The HarvestAI team is made up of engineers and executives who have invented and successfully brought to market many leading robotic and other technology platforms including the Roomba(TM) from iRobot Corporation. Team backgrounds also include members from DEKA R&D, Draper Labs, Vitesse Semiconductor and Bear River Associates. “Our expertise is in applying practical robotics to improve worker productivity with a focus on harsh, manual labor tasks,” said Charlie Grinnell, founder and CEO of HarvestAI. “Traditional material handling robots have been associated with fixed-function factory automation, which generally operate in indoor, tightly controlled work spaces. We have a very different solution that uses teams of small, agile, mobile robots (AMR’s) designed to work flexibly with human workers in a broad range of uncontrolled environments making them suitable for many market applications.” “The quality and strength of the management team were the primary reasons we invested in HarvestAI.
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