• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Venture Capital Matters

#VentureCapital: VC meets social media

  • Pitch a Startup
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
  • Contact

RGo Robotics Exits Stealth Mode with $20M in Funding & Major Customer Wins

May 9, 2022 By 3v.org Leave a Comment

Pioneer in human-level artificial perception technology closes funding round with goals of disrupting the mobile robotics industry

CAMBRIDGE, Mass., May 09, 2022 – RGo Robotics, a pioneer in artificial perception technology that enables mobile robots to understand complex surroundings and operate autonomously, today exited stealth mode with $20 million in funding. The investment round, led by MoreTech Ventures, will allow RGo Robotics to continue rapid expansion of both its R&D and commercial teams to bring its Perception Engine to market.

RGo Robotics develops disruptive AI-powered technology for autonomous mobile robots, which allows them to achieve 3D, human-level perception. Its Perception Engine gives mobile robots the ability to understand complex surroundings and operate autonomously like humans. RGo was founded in 2018 and has been operating in stealth mode since then, partnering with global robotics leaders to evolve its revolutionary offering.

After extensive field trials in challenging indoor and outdoor environments, RGo has secured several customers and has closed over $10M in customer deals. The design wins are with global, market leading robot OEMs across multiple vertical markets.

“Most mobile robots today are still blind and unable to navigate intelligently in dynamic and complex environments, and we see first-hand how hard it is for machine and robot manufacturers to develop basic visual perception on their own,” said Amir Bousani CEO & Co-Founder, RGo Robotics. “Our technology changes this. Leveraging the most advanced AI and vision technologies, Perception Engine allows mobile machines to see and understand the world around them so they can move autonomously, safely and intelligently in any environment. We call this Intelligent Autonomy.”

“MoreTech Ventures sees tremendous growth potential for the mobile robotics industry and RGo’s technology is the key to unlock that potential,” said Zack Keinan, General Partner, MoreTech Ventures. “The applications for Perception Engine are nearly endless, from AGV/AMRs in logistics and manufacturing to last mile delivery and service robots, agriculture and consumer applications. We are very excited to lead this Series A financing round, and to partner with RGo’s exceptional management team as they scale globally.”

“StageOne partners with visionary innovators that have the potential to have a profound impact on the worldwide enterprise market. RGo’s early traction with global market leaders is a testament to the technology and leadership team,” said Tal Slobodkin, Managing Partner, StageOne.

RGo Robotics Perception Engine
RGo is also announcing the immediate availability of its revolutionary Perception Engine. The solution includes hardware and software components. The software runs on ultra-low-cost, low-power hardware that is provided as a reference design, allowing partners to integrate Perception Engine into their robots easily. The software is provided as an SDK which can provide all the real-time data on the edge.

Perception Engine learns its environment and provides all the layers of information a robot needs to be able to move naturally in complex, real-life settings. The perception data is provided over its API. This data is then consumed by the robot control system which is responsible for path planning and autonomous behaviors.

“As the use of robotics continues to exponentially grow across industries, RGo’s solution is a game changer. Manufacturers will be able to offer more intelligent mobile robots and accelerate time-to-market without having to focus their R&D teams on this extremely complex technology area,” said Nilanjana Bhowmik, Co-Founder & General Partner, Converge.

RGo has also been selected as a winner of Robotics Business Review’s RBR50 Robotics Innovation Award this year. For over a decade, Robotics Business Review’s RBR50 Robotics Innovation Awards have highlighted the most creative and influential innovations from around the world that have advanced the state of robotics.

To learn more about RGo Robotics, please visit rgorobotics.ai.

About RGo Robotics
RGo Robotics is a pioneer in artificial perception technology enabling mobile robots to understand complex surroundings and operate autonomously like humans. Patent-pending computer vision and AI technology comprise Perception Engine, which runs on ultra-low-cost, low-power hardware. The applications for Perception Engine are nearly endless, from AGV/AMRs in logistics and manufacturing to last mile delivery and service robots in commercial and consumer markets. RGo partners with robotics manufacturers who share its vision of a future where automation is unfettered but focused on real-world solutions. RGo Robotics has offices in Caesarea, Israel and Cambridge, Massachusetts and is backed by a diversified set of leading investors and strategic partners including Converge, StageOne, MoreTech Ventures, and a global undisclosed robotics leader. It has raised over $20M in funding including its Series A in January 2022. For more information, visit rgorobotics.ai.

Related

Filed Under: PR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • FreshCut Secures $15M Funding to Accelerate Transformation of Web3 Gaming Content Ecosystem
  • Thought Machine Raises $160m in Series D Funding Round – Doubling Valuation to $2.7bn and Accelerating Plans to Bring World’s Banks Onto Cloud Technology
  • Foundational Skills Checklist
  • LucidLink Raises $20 Million in Series B to Solve Remote Collaboration Challenges for Global Creative Teams
  • Storyblok Raises $47M Series B Led by Mubadala Capital and HV Capital to Make Headless Content Management the New Standard
  • A bridge between Web2 and Web3
  • Fresh Technology Inc. Closes $7 Million Series A to Drive Innovation in Modern Restaurant Kitchens
  • SoftBank will be cutting its startup investments by 50-75% through March 2023
  • Paddle, which provides a billing backend for SaaS companies, raises a $200M Series D
  • RGo Robotics Exits Stealth Mode with $20M in Funding & Major Customer Wins

Media Partners

  • VPNW
  • S3H
  • OPINT
  • Press Media Release
  • OSINT
  • Digital Market
  • Briefly

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Opinion
  • Venture Capital

Copyright © 2018 3V.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT