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Industrial Robotics Company Ati Motors Secures US$10.85 Million in Series A Funding Led by Silicon Valley's True Ventures
Ati Motors, maker of autonomous industrial robots, today announced the close of its Series A funding round in the amount of US$10.85 million. The investment, occurring alongside the company’s product launch event, will further accelerate the development and deployment of Ati Motors’ robotics technology for automating work in industrial environments and warehouses.
The Series A round is led by True Ventures, a Silicon Valley venture capital firm focused on early-stage technology companies. Athera Ventures Partners, also joined as a new investor, bringing its extensive experience in deep tech investments. The round saw significant participation from previous investors: Blume Ventures, Exfinity Ventures and MFV Partners. The latest funding will empower Ati Motors to expand into markets in the US, South East Asia, Japan, and Europe while exploring untapped opportunities across pharmaceuticals, chemicals, maritime, and injection molding sectors. Ati Motors will continue to invest in research and development to launch new products and capabilities in the market.
MODE Raises $3 Million in Series A Funding Led by True Ventures
MODE today announced it has raised $3 million in Series A funding led by True Ventures. MODE collects data from the physical world to help businesses understand, automate and make smarter decisions. Including its Series A, MODE has raised $5 million total.
The ability to harness operation data has become critical for businesses looking to stay competitive in areas including factory automation, automotive technologies, and bio-medical sciences. Yet, many companies have difficulties scaling their Internet-of-Things systems from proof-of-concept to commercial-scale deployment.