Boston-based Realtime Robotics this morning $31.4 million round announced. The funding is part of the $11.7 million Series A that the company announced in late 2019. Investors include HAHN Automation, SAIC Capital Management, Soundproof Ventures, Heroic Ventures, SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures and. Duke Angels.
Realtime is one of several startups building controls on top of industrial robotics. Specifically, the startup helps companies deploy systems with limited programming, offering adaptable controls that work for multiple systems at once.
This round, which nearly doubles the company’s current funding, will be used to accelerate its product development and expand its offering to more markets globally. This comes as interest in robotics has increased amid the global pandemic.
“This investment by some of the world’s leading manufacturers and automation providers stands as a testament to our ability to dramatically improve the value proposition for robotic implementations,” CEO Peter Howard said in a release. “Having already realized the success of the deployment, a broad spectrum of customers and partners are working closely with us to refine features and user experiences, rolling out our technology to their engineering, factory and warehouse operations. Preparing for.”
The company’s offerings serve a wide range of different industrial robotics tasks, including pick and place machines, packaging and palletizing boxes.