Pivot Robots raises seed funding from NuVentures for AI robotics software development and team expansion

Jul 01, 2024•about 1 year ago

Round Type

seed

San FranciscoIndustrial AutomationRoboticsMachine LearningArtificial IntelligenceManufacturingSoftware

Investors

Nu Ventures

Description

US-based AI startup Pivot Robots has raised an undisclosed amount of seed funding from early-stage venture fund NuVentures. The funds will be used for team expansion, particularly in the areas of motion planning and computer vision, and for supporting the testing of more robots and the establishment of an office space.

Company Information

Company

Pivot Robots

Location

San Francisco, California, United States

About

Pivot Robots is a US-based artificial intelligence startup founded in 2023 by Carnegie Mellon University graduates Siddharth Girdhar and Vignesh Rajmohan. The company leverages AI vision control software to automate industrial robots, particularly focusing on the grinding of metal parts in manufacturing processes. Pivot Robots plans to expand its market into large manufacturing hubs like India within the next two years.

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VC-backed spending patterns

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