Sarcos Robotics Announces Second Closing of $15.625 Million Series A Financing
Proceeds from the financing will be used to expand the Sarcos team, commercialize Sarcos advanced robotics technologies and expand its sales and marketing efforts.
BELLEVUE, Wash. & SALT LAKE CITY--(BUSINESS WIRE)--Sarcos Robotics, a global leader in the development of dexterous robots for use in unstructured environments, today announced the second closing of its Series A funding round. This financing, together with development funding secured from its customers and partners, brought Sarcos total 2016 funding to more than $25 million. Proceeds from the financing will be used to expand the Sarcos team, commercialize Sarcos advanced robotics technologies and expand its sales and marketing efforts.
With the most recent closing, Schlumberger, the worlds largest oil field services firm, joins Sarcos high profile list of blue chip strategic investors including Caterpillar, GE Ventures and Microsoft. Additionally, Ashok Belani, Schlumbergers executive vice president, technology, has joined Sarcos Board of Directors.
About Sarcos Robotics
Sarcos Robotics is a global leader in the development and production of dexterous robotic systems for use in unstructured environments. Leveraging more than 25 years of research and development, Sarcos is producing human-controlled robots to improve health, safety, and quality of life by keeping humans out of harms way. Time Magazine named Sarcos Iron Man-like exoskeleton robot suit one of The 50 Best Inventions of 2010. Sarcos has offices in Bellevue, Washington and Salt Lake City, Utah. More information can be found at www.sarcos.com.
Featured Product
The ERT150 - Dorner's Next Evolution of Edge Roller Technology Conveyors
The next evolution in Dorner's Edge Roller Technology conveyor platform, the ERT®150, is ideal for small and light-load assembly automation, as well as medical and medical-device assembly application. The ERT platform is the only pallet conveyor of its kind available with an ISO Standard Class 4 rating for cleanroom applications. Earning the ISO Standard 14644-1 Class 4 rating means Dorner's ERT150 will conform and not contribute to the contamination of cleanrooms to those standards. As implied by its name, the ERT150 (Edge Roller Technology) uses rollers to move pallets through the conveyor smoothly with no friction (a byproduct often seen in belt-driven platforms). The conveyor's open design eliminates concerns of small parts or screws dropping into rollers and causing conveyor damage or jamming. The ERT150 is suited to operate in cleanroom environments requiring a pallet handling conveyor. It is capable of zoning for no or low-back pressure accumulation and is ideal for automation assembly applications within industries including medical devices, electronics, consumer goods among others.
