Tech Company Financing Transactions
Mobot Funding Round
Mobot secured a $12.5 million Series A financing round on 8/15/2022. Investors included Cota Capital, Bling Capital and Heavybit.
Transaction Overview
Company Name
Announced On
8/15/2022
Transaction Type
Venture Equity
Amount
$12,500,000
Round
Series A
Investors
Proceeds Purpose
Mobot will use the proceeds from the latest funding round to expand its sales, marketing and engineering teams, increasing the overall headcount from 42 employees today to 50 by the end of the year. While the tech industry implements hiring freezes and workforce reductions, it helps that Mobot is a "counter-cyclical" business, Full Goh asserts. She says demand for quality assurance testing in the mobile space hasn't waned as companies continue to ship new apps and updates to existing apps.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
405 Lexington Ave 8th Fl
New York, NY 10174
USA
New York, NY 10174
USA
Phone
Undisclosed
Website
Email Address
Overview
Mobot is on a mission to revolutionize the way engineering teams test & develop their products. With our infrastructure-as-a-service model, we combine the best of humans with automation using real, mechanical robots
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eden Goh
VP - Engineering
Jereme Corrado
VP - Operations
Hassan Riaz
VP - Sales
Collin White
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