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The pitch deck robotics startups Roboforce used to raise $10 million

Feb 03, 2025 - businessinsider.com
Roboforce, a Milpitas, California-based robotics startup founded in 2023, has raised $10 million in an early-stage funding round led by Nobel laureate economist Myron Scholes, with participation from Gary Rieschel and Carnegie Mellon University. The company develops AI-powered robots for manufacturing and outdoor tasks, capable of performing duties with fine motor skills and working in tough conditions. The funding will be used to expand the team, scale robot development, and launch pilot projects. Roboforce aims to double its 15-person team and increase its fleet of robots, which are currently leased to customers through a subscription model.

Co-founders Leo Ma and Calvin Zhou, both Carnegie Mellon alumni, bring extensive experience in AI and robotics. Ma, who previously co-founded Cyngn, has a long-standing interest in automating production, driven by his background in manufacturing. Zhou has experience from working at Cruise, a self-driving robotaxi subsidiary of General Motors. Roboforce's robots are controlled by an in-house developed AI model, with plans for full autonomy. The company joins a competitive field with other startups like Figure and Sanctuary AI, which are also developing robots with human-like capabilities.

Key takeaways:

  • Roboforce raised $10 million in funding to develop AI-powered robots for manufacturing and outdoor tasks.
  • The funding round was led by Nobel laureate economist Myron Scholes, with participation from Gary Rieschel and Carnegie Mellon University.
  • The company plans to use the funding to expand its team, scale robot development, and launch pilot projects.
  • Roboforce's robots are designed to perform tasks with fine motor skills and operate in tough outdoor conditions, aiming for full autonomy.
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