Grabit Garners New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0778a96c-4237-4bc5-ae5f-a4b172b85b93
Date
6/3/2014
Company Name
Grabit
Mailing Address
990 Richard Ave. Santa Clara, CA 95050 USA
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
Undisclosed
Proceeds Purposes
The investment will provide Grabit additional funding for development of electroadhesion based products for industrial robotics and warehouse logistics.
M&A Terms
Venture Investor
Venture Investor