Grabit Lands Series A Financing

  • Feed Type
  • Date
    10/9/2013
  • Company Name
    Grabit
  • Mailing Address
    990 Richard Ave Santa Clara, CA 95050
  • Company Description
    Grabit’s patented Electroadhesion-based gripping products will disrupt the world of robotics and material handling by providing a technique of holding or grasping objects with no actuation and little power required.
  • Website
    http://www.grabitinc.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Series A
  • Proceeds Purposes
    The funding will enable Grabit to commercialize electroadhesion technology for existing and new customers in multiple material handling applications. We are also delighted to have strategic investors with such a broad global reach in the multi-billion dollar manufacturing and logistics market.
  • M&A Terms
  • Venture Investor
    Formation 8
  • Venture Investor
    ABB Technology Ventures
  • Venture Investor
    NIKE