5D Robotics Garners $5,500,000 Seed Funding Round

  • Feed Type
  • Date
    2/3/2016
  • Company Name
    5D Robotics
  • Mailing Address
    2236 Rutherford Rd. Carlsbad, CA 92008 USA
  • Company Description
    Global Positioning Systems (GPS) has been used extensively for transportation in general and for the robotics industry in particular. Despite this, robots lose track of their position and as we see in the news both military and commercial drones fall out of the sky.
  • Website
    http://www.5drobotics.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,500,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    5D Robotics will use the funds to accelerate the development of commercial products, software, and solutions into several vertical markets such as Industrial Heavy Equipment, mapping and inspection.
  • M&A Terms
  • Venture Investor
    Undisclosed