September 13, 2016      

Salt Lake City-based Sarcos Corp just scored a $10.5 million investment from group that includes Caterpillar, Microsoft, and GE Ventures, but seems the company hardly needed the cash infusion.

Bloomberg reports that Sacros has cumulative revenues in excess of $350 million, and has spun out four technology companies. Plus $10.5 million doesn't last very long in the kind of heavy-duty robotics R&D environment in which Sarcos operates.

In exchange for the investment, Sacros accepted four new ...

Thank You for Reading Robotics Business Review!

Reading this content requires a free membership.
To continue reading, please sign up for an RBR Insider account.