Tech Company Financing Transactions
RoadBotics Funding Round
Radical Ventures, Hyperplane Venture Capital and Wharton Alumni Angels joined a $7.5 million Series A funding round for RoadBotics. The financing round was announced by the company on 7/18/2019.
Transaction Overview
Company Name
Announced On
7/18/2019
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth and development of new products.
Company Information
Company Status
Private & Independent
Industry
GovTech
Robotics
Robotics
Mailing Address
322 North Shore Dr. 200
Pittsburgh, PA 15212
USA
Pittsburgh, PA 15212
USA
Phone
Website
Email Address
Overview
RoadBotics was spun out of the Carnegie Mellon University Robotics Institute in 2016. Our chief Dr. Christoph Mertz spent several years and significant research dollars at CMU developing a smartphone-enabled road inspection tool for diagnosing road defects.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Ken Durrett
Chief Scientific Officer
Christoph Mertz
President
Benjamin Schmidt
VP - Bus. Development
Alex Khammari
VP - Marketing
Jill Bejger-Frederick
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Prev: 7/18/2019: Momentus venture capital transaction
Next: 7/18/2019: AlphaSense venture capital transaction
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Where The Data Comes From
We do our best to document funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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