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Olis Robotics Secures $4M Funding To Meet Surging Demand For Remote Robot Management

PRIVATEAug 11, 2023

Amount Raised

$4 Million

Round Type

Seed

SeattleManufacturingInformation TechnologyRobotics

Investors

Daniel TheobaldUbiquity VenturesTectonic VenturesPSL Ventures

Description

Olis Robotics, specialists in remote monitoring, control, and error recovery technology for industrial robots, today announced that it has raised $4.1 million funding in a round led by PSL Ventures. Additional investors include Tectonic Ventures, Ubiquity Ventures, as well as several prominent strategic angel investors, including robotics pioneer Daniel Theobald, the President and Cofounder of MassRobotics and Founder and Chairman of Vecna Robotics.

Quick answer

Olis Robotics raised $4 Million in a Seed round, dated August 11, 2023. Investors: Daniel Theobald, Ubiquity Ventures, Tectonic Ventures and PSL Ventures. Olis Robotics is based in Seattle, Washington, United States.

How much did Olis Robotics raise?
Olis Robotics raised $4 Million in a Seed round on August 11, 2023.
Who invested in Olis Robotics?
Daniel Theobald, Ubiquity Ventures, Tectonic Ventures and PSL Ventures are named as investors in this round.
What does Olis Robotics do?
Olis Connect is the new video-based remote connectivity product by Olis Robotics.
Where is Olis Robotics based and how big is it?
Olis Robotics is based in Seattle, Washington, United States.
Who are the decision-makers at Olis Robotics?
Fundz holds 1 contact at Olis Robotics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Robotics and Manufacturing around the same time

Companies in the same sectors as Olis Robotics that raised within 45 days of this round, from Fundz verified event records.

  • CMR Surgical raised $165M (Funding Round) on September 22, 2023.
  • CMR Surgical raised $165M (Funding Round) on September 21, 2023.
  • Mujin raised an undisclosed amount on September 20, 2023.
  • Mujin raised $85M (Series C) on September 5, 2023.
  • NEURA Robotics raised $55M (Funding Round) on July 19, 2023.
  • RoboDeck raised $2M (Seed) on July 4, 2023.

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Company Information

Company

Olis Robotics

Location

Seattle, Washington, United States

About

Olis Connect is the new video-based remote connectivity product by Olis Robotics. It lets you remotely monitor, diagnose and control industrial robots or machinery directly in a web browser (securely over a VPN of course). This means that you can clear errors and get the machines back to work even if you have limited or no staff on site at the time. Olis Connect is 100% edge hosted inside your facility. This means that it does not rely on cloud technologies and that no data gets stored in the cloud. If required, Olis Connect can operate on air-gapped networks.

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Olis Robotics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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