Tech Company Financing Transactions
Refraction AI Funding Round
Refraction AI closed a $4.2 million Seed financing round on 3/10/2021. Backers included Pillar, AVG Ventures and eLab Ventures.
Transaction Overview
Company Name
Announced On
3/10/2021
Transaction Type
Venture Equity
Amount
$4,200,000
Round
Seed
Investors
Pillar (Lead Investor)
private investors (Chad Laurans)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
113 West Washington
Ann Arbor, MI 48104
USA
Ann Arbor, MI 48104
USA
Phone
Undisclosed
Website
Email Address
Overview
Refraction AI makes low-cost, lightweight autonomous robots for last-mile delivery. The smaller form factor of its REV-1 delivery robot allows it to operate in both the bike lane and roadway, providing many of the benefits of autonomous vehicles with more route flexibility and safety.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Luke Schneider
Co-Founder
Matthew Johnson-Roberson
Co-Founder
Ram Vasudevan
VP - Administration
Corey Turner
VP - Engineering
Zachary Sonner
VP - Engineering
Justin Storms
Browse more venture capital transactions:
Prev: 3/10/2021: Geneos Therapeutics venture capital transaction
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