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
Midwest Motion Products is a leading provider of robust and reliable Motion Control Products.
MMP specializes in supplying high-quality Brushed & Brushless DC Motors & Gearmotors for Robotics and Automation Equipment with a wide range of motor windings and gear ratios. With an impressive track record of more than 8,000 released DC Gearmotors designs and over 2,000,000 individual part numbers, we are renowned for our ability to handle large-scale orders. Due to our huge on-hand inventory, we are also well known for lightning-fast delivery of our standard products. We take pride in our dedicated customer service and our team of knowledgeable sales and engineering experts who are ready to assist you with custom design solutions tailored to your specific application. Additionally, we also offer a wide range of complimentary products, such as DC Motor Controls, DC Linear Actuators, AC-DC power Supplies, and DC Servo Amplifiers and others.
