Standard Bots raised $63 million in a Series B round led by General Catalyst and Amazon Industrial Innovation Fund to develop AI-powered robotic arms for automation.
Amount Raised
$63 Million
Round Type
Series B
Glen CoveArtificial IntelligenceMachine LearningRoboticsInvestors
Description
Standard Bots, an AI robotics startup, has raised $63 million in a Series B round led by General Catalyst, with participation from the Amazon Industrial Innovation Fund and Samsung Next. The funding will be used to ramp up research and development, production, and hiring as the company plans to expand its manufacturing facilities and double its team.
Quick answer
Standard Bots raised $63 Million in a Series B round, dated July 12, 2024. Investors: Samsung NEXT, Amazon Industrial Innovation Fund and General Catalyst. Standard Bots is based in Glen Cove, New York, United States.
- How much did Standard Bots raise?
- Standard Bots raised $63 Million in a Series B round on July 12, 2024.
- Who invested in Standard Bots?
- Samsung NEXT, Amazon Industrial Innovation Fund and General Catalyst are named as investors in this round.
- What does Standard Bots do?
- At Standard Bots, we specialize in crafting advanced 6-axis collaborative robotic arms proudly manufactured in the USA.
- Where is Standard Bots based and how big is it?
- Standard Bots is based in Glen Cove, New York, United States. Fundz records about 120 employees.
- Who are the decision-makers at Standard Bots?
- Fundz holds 3 contacts at Standard Bots, including the Head of AI Sales Click to View Match Details Related to Search Terms in Your Query. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Robotics and Artificial Intelligence around the same time
Companies in the same sectors as Standard Bots that raised within 45 days of this round, from Fundz verified event records.
- DELIVERS.AI raised an undisclosed amount (Funding Round) on August 2, 2024.
- Jacobi Robotics raised $5M (Seed) on July 15, 2024.
- Skild AI raised $300M (Series A) on July 9, 2024.
- Pivot Robots raised an undisclosed amount (Seed) on July 1, 2024.
- Andromeda Robotics raised $3M (Seed) on June 18, 2024.
- Viggle AI raised $19M (Series A) on August 26, 2024.
Who to call at Standard Bots, and when
A new round usually means Standard Bots is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Standard Bots raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Standard Bots, from your own LinkedIn network
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Funding Insights
What this usually meansStandard Bots 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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