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Announced

Completed

Sequoia Capital led a $30m Series A funding round in Collaborative Robotics.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

collaborative robots

Production Technology Equipment

United States

Completed

Friendly

Single Bidder

Minority

Private

Venture Capital

Domestic

Synopsis

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Sequoia Capital, an American venture capital firm, led a $30m Series A funding round in Collaborative Robotics, a developer of practical collaborative robots, with participation from Khosla Ventures and Mayo Clinic. Financial terms were not disclosed. "Our vision for a future where robots seamlessly integrate into our surroundings to enhance operational efficiency and human potential is now closer than ever. This funding will accelerate our mission to bring the world's first truly practical cobots to market," Brad Porter, Collaborative Robotics CEO.

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