Elementary Robotics bags $3.6M to expand in LA’s growing robotics hub

Date: 2018-12-21   Author: Pankaj Singh  Category: #news

Elementary Robotics bags $3.6M to expand in LA’s growing robotics hub

The investment will be used to build a manufacturing facility in Los Angeles and robots that augment the current human workforce

Los Angeles-based robotics platform startup, Elementary Robotics has reportedly raised $3.6 million in seed funding, which it intends to use for building a manufacturing facility in Los Angeles and expand its presence in the city’s growing robotics and automation sector. 

As per reliable sources, the round was led by investors including Fathom Capital and Fika Ventures, and co-investors Ubiquity Ventures, Toyota AI Ventures, Riot.vc, Stage Venture Partners and Osage University Partners.

Reportedly, Elementary Robotics, led by Co-Founder Bill Gross and Arye Barnehama, a former head of design at the AR startup DAQRI, claims itself to be ready for commercial pilots with a few unidentified clients as it validates its technology.

Commenting on the startup’s idea, Barnehama said that he has worked in AR on work process automation for identifying useful insights, which eventually gave him the idea of designing robots that could use these new technologies to work alongside humans and positively impact the world.

According to a statement from Jim Adler, Founding MD, Toyota AI Ventures, Arye and the Elementary Robotics team share similar commitment with Toyota, which is to improve the quality of human life using robotics and AI. Adler said that the investment is part of its corporate funding arm’s aim for innovation through its Toyota Research Institute (TRI). He said that the firm’s first call includes TRI’s mobile manipulation team to give talented entrepreneurs a boost in both capital and direction to make assistive robots more safe, useful and affordable.

Barnehama claims that the company is building robots to enhance current human work output and performance and help existing workforces to have greater throughput as well as focus on more complex, human centered decisions. He said that the firm aims to automate high-repetition processes and tasks while avoiding large capital expenses and complicated multi-year custom builds.



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Intelligent Process Automation(IPA) Market Covid-19 Impact In-Depth Industry Analysis 2026

Author: Ashwin Naphade

The research report on Intelligent Process Automation(IPA) market offers critical information such as the development trends, restraints, CAGR, revenue prospects, product type, application scope, competitive scenario, and COVID-19 impact.

<...


Passive Optical LAN (POL) market players to make profitable investments during 2021-2026

Author: Ashwin Naphade

Global Passive Optical LAN (POL) Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2026. This report will assist in analyzing the current and future business trends, sales and revenue forec...


Research on Intelligent Machine Control System Market 2021: By Growing Rate, Type, Applications, Geographical Regions, and Forecast to 2026

Author: Ashwin Naphade

Intelligent Machine Control System market report is a comprehensive analysis of the growth dynamics and revenue inflows in this industry sphere over 2021-2026, inclusive of Covid-19 impact.

The latest research report on Intelligent Machi...