CyPhy Works Receives $22,000,000 Series B Funding Round
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=01397749-14cb-4259-908e-8712892162b9
Date 10/13/2015
Company Name CyPhy Works
Mailing Address 16C Electronics Ave. Danvers, MA 01923 USA
Company Description We’re a product company, but our products are accessible, reliable, and practical robots designed to help real world problems. We don’t design general-purpose robots, hoping that some day they’ll have a use. Our robots are specific and purpose-built, targeting problems that can only be solved by ingenious robotic design.
Proceeds Purposes I’m also very excited to announce that this investment will fuel the commercial launch of our tethered Persistent Aerial Reconnaissance and Communications (PARC) vehicle system. In addition to the launch of PARC, the new investment will fund hiring in the engineering, sales, marketing, and customer support functions.
M&A Terms
Venture Investor Bessemer Venture Partners
Venture Investor Motorola Solutions Venture Capital