Jacobi Robotics raised $5M in seed funding led by Moxxie Ventures

Jul 15, 2024•about 1 year ago

Amount Raised

$5 Million

Round Type

seed

BerkeleyRoboticsMachine LearningArtificial IntelligenceSoftware

Investors

Courtyard VenturesLdv PartnersBerkeley Sky Deck FundSwift VenturesThe House FundHumba VenturesFoothill VenturesMoxxie Ventures

Description

Jacobi Robotics, a developer of AI-powered motion planning technology, raised $5M in Seed funding. The round was led by Moxxie Ventures with participation from several other investors. The company intends to use the funds to expand operations and its development efforts.

Company Information

Company

Jacobi Robotics

Location

Berkeley, California, United States

About

Jacobi Robotics is a Berkeley, CA-based AI and robotics company that specializes in motion planning technology. The company aims to improve the programming time and performance of robot solutions by commercializing software and leveraging proprietary AI-powered platform. Jacobi Robotics has already secured agreements with manufacturers and top robotics solutions providers, targeting a wide range of sectors including electronics and consumer packaged goods.

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Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers