Tech Company Financing Transactions
Rios Funding Round
Main Sequence Ventures, Grit Ventures and Hypertherm Ventures participated in a $28 million Series A funding round for Rios. The round closed on 3/13/2022.
Transaction Overview
Company Name
Announced On
3/13/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$28,000,000
Round
Series A
Investors
Main Sequence Ventures (Lead Investor) (Mike Zimmerman)
Morpheus Ventures (Steve O'Hara)
Proceeds Purpose
The company intends to use the funds to deploy its robotic fleet at scale to both new and existing customers.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
172 University Ave.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Not Recorded
Overview
RIOS was founded at the end of 2018, in Palo Alto, by former Xerox PARC engineers holding PhDs in engineering and physics. We're technologists at heart, and we're always thinking about the next hard problem to solve. Back in 2018, we aspired to become one of the architects of the next wave of technological revolution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bernard Casse
Chief Technical Officer
Clinton Smith
Co-Founder
Matthew Shaffer
VP - Bus. Development
Mandy Dwight
VP - Engineering
Christopher Laulau-Keraly
VP - Engineering
Chris Paulson
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Where The Data Comes From
We document every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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