Tech Company Financing Transactions
Contoro Robotics Funding Round
Contoro Robotics secured a $4.7 million Seed funding round on 6/28/2023. Backers included Village Global, Bass Investment and FuturePlay.
Transaction Overview
Company Name
Announced On
6/28/2023
Transaction Type
Venture Equity
Amount
$4,700,000
Round
Seed
Investors
Proceeds Purpose
Contoro Robotics is currently focused on solving oversea container unloading challenges for warehouse businesses. Contoro robots will help reduce the cost and time of container unloading, and will also improve safety. A pilot program using Contoro Robotics' technology is scheduled to launch in Q3 of 2023.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1807 West Braker Lane C500
Austin, TX 78758
USA
Austin, TX 78758
USA
Phone
Undisclosed
Website
Email Address
Overview
We believe our technology will unlock the unlimited potential of teleoperation -- the ability to remotely control robots from anywhere in the world. For the past 10 years, our CEO/Founder, Youngmok Yun, PhD, has led the development of a world class human-robot interface with the support of NASA and the National Science Foundation. Our approach uses various AI technologies and allows human operators to help in situations where the AI fails. The AI continues to learn from those human interactions, enhancing its automation abilities over time. Our technology can be applied to many industries, such as warehouse, factories, agriculture, home, and office services. Eventually we want to solve labor problems in previously impossible applications by combining robotics and human intelligence.
Management Team
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We report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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