Tech Company Financing Transactions
RIOS Intelligent Machines Funding Round
IAG Capital Partners, Yamaha Motor Ventures and Main Sequence Ventures participated in a $13 million Series B capital raise for RIOS Intelligent Machines. The round was announced on 3/5/2024.
Transaction Overview
Company Name
Announced On
3/5/2024
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth in three key industry segments: wood products, beverage distribution, and packaged food products. Rios will continue to roll out highly differentiated AI and vision-driven robotics solutions, starting with a product in the lumber and plywood handling sector.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1215 Chrysler Dr.
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are RIOS, an organization founded with a commitment to tackle automation challenges in manufacturing. Our origins trace back to former engineers from Xerox PARC, where we recognized the potential of AI-powered robotics to meet our clients' needs. Our objective has been to develop AI-powered robotics that integrate seamlessly into existing production lines, offering unprecedented control and adaptability.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Clinton Smith
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Our team works diligently to record every notable VC transaction. VC investment data records reported here come from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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