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

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
    • How to raise venture capital
    • How to raise seed funding from angel investors
    • How private equity and venture capital firms operate
    • What is the difference between private equity and VC funding?
    • What technology trends are considered hot among VC firms?
    • What is elevator pitch?
    • What is startup burn rate?
    • Does failure to launch a startup spell the end of the entrepreneur’s ambitions?
    • How to avoid pitfalls in founding a startup
    • Why do startups fail?
    • What are the traits of successful startup founder?
    • What are startup vanity metrics?
    • Why investing in the next generation of women and diverse entrepreneurs is a crucial part to the success of the tech infrastructure
    • Where are VCs seeing opportunity
    • How do startup valuations work?
    • What is startup accelerator?
    • How to scale an early-stage startup team, how much to pay and how to distribute equity
    • Don’t mix business with friendship: when it comes to building a founding team for a startup, this adage may not always apply
    • What is a social unicorn?
    • Secure Your Startup’s Future: The Importance of Succession Planning
  • Contact

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

May 9, 2022 By admin 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.

Filed Under: PR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Market Analysis

The Immersive Experience in the Museum World
How insurers thrive in a turbulent market
Leveraging Artificial Intelligence to Drive Cost Savings and Productivity in Uncertain Times
The shipping industry is undergoing a significant change with the influx of new vessels arriving just as the growth of trade is beginning to slow down
Climate change is increasingly affecting the production of beer ingredients
Unfulfilled Dreams: The Aftermath of China’s Stalled Real Estate Developments
Huawei on the Brink: Biden Administration Considers Cutting Off the Tech Giant”

Market Research Media

Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales

Secondary Sidebar

Technologies

The use of immersive technology in museums is still in its early stages
The low tech unemployment rate and hiring activity confirms the long-term demand for tech talent
Virgin Orbit and SatRev Sign Launch Services Agreement
Harnessing the Power of Innovation for a Better Tomorrow
Breaking Down Silos: The Need for Cross-Sector Collaboration in Tackling Global Challenges

Tech Events

Embedded World 2023, March 14-16, 2023, Nuremberg, Germany
The IOT Solutions World Congress and Barcelona Cybersecurity Congress, May 21-23, 2024, Fira de Barcelona’s Gran Via venue
React Summit 2023, June 2 (in-person in Amsterdam) & June 6 (remote), 2023
Blockchaining 2023: The crypto world is facing a crisis of confidence
ScyllaDB Summit 2023 taking place online on February 15-16, 2023

Footer

Recent Posts

  • Gradient, a company specializing in eco-friendly heating and cooling solutions, has raised $18 million in a Series A funding round
  • The Importance of Diversity and Inclusion in the Workplace
  • Sequoia Capital announces its $195 Mln dedicated seed fund
  • Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
  • actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement
  • Ottopia announces $14.5M Series A Funding Round
  • LSE launches £50m accelerator for “social unicorns”
  • Blues Wireless Raises $32M To Accelerate Enterprise Adoption of Cellular IoT
  • How Artificial Intelligence May Affect Professional Photography
  • Introducing the $60M Axelar Ecosystem Startup Funding Program

Dossier

49% of US CEOs have a high M&A appetite
What were the top technology, media, and telecommunications (TMT) companies for total shareholder return (TSR)?
Why UK faces chronic labor shortages
Palantir Announces Hiring of First USG Chief Medical Officer
Sandvik completes the acquisition of Preziss, a solutions provider for aluminum and composite machining

Press Media Release

“What to the Slave Is the 4th of July?”
Economic Uncertainty Rising, 83% of Marketing Leaders to Prioritize Investments in Operational Efficiency and Hiring in 2023
SYSTECH is to Exhibit Fully Integrated Container and Fleet Tracking Solutions in Mexico
Legalization of Marijuana Linked to Increased Traffic Crashes, Fatalities
Media Digest

App Coding

Platform.sh Secures $140 million in Series D Funding to Support Enterprises in Scaling Fleets of Websites and Applications
Join Our Team as an App Coder - Build Cutting-Edge Applications
Scrub your code in real-time
Zype Releases New Feature-Rich Apps Creator for OTT
Trellix Finds Workforce Shortage Impacts 85% of Organizations’ Cybersecurity Posture

API Coding

API Security Guide
How to teach yourself API coding
How to recognize malware API
DarkOwl Announces Release of Ransomware API
New survey reveals API strategies, concerns as enterprises look to securely free data for business growth

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research and Exclusive Domains

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-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-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-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-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".
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.
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