Tech Company Financing Transactions
Bear Robotics Funding Round
Bear Robotics closed a $81 million Series B funding round on 3/15/2022. Investors included IMM Investment, Cleveland Avenue and private investors.
Transaction Overview
Company Name
Announced On
3/15/2022
Transaction Type
Venture Equity
Amount
$81,000,000
Round
Series B
Investors
IMM Investment (Lead Investor)
Proceeds Purpose
This new Series B investment will accelerate Bear Robotics' efforts in adding new products that complement the increasing need for automation in the hospitality space and expanding the company's reach into new markets around the world.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1711 E Bayshore Rd. B
Redwood City, CA 94063
USA
Redwood City, CA 94063
USA
Phone
Website
Email Address
Overview
Bear Robotics was started in 2017 to address the increased pressure faced by the food service industry around wages, labor supply, and cost efficiencies. Our company has developed a robot named Penny enabled by artificial intelligence and able to autonomously shuttle food from a kitchen out to tables and bring dishes back for cleaning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Ha
Chief Operating Officer
Juan Higueros
Chief Technical Officer
Fangwei Li
VP - Sales
Bren Pierce
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