Rethink Robotics Adds $13M More From Wellington, Others
More money going into a prominent robotics startup today: Boston-based Rethink Robotics has raised an additional $13.4 million led by Wellington Management Company.
That brings Rethink’s Series D venture haul to an even $40 million, with GE Ventures and Goldman Sachs being the other big, recent investors in the company.
Rethink Robotics has raised a total of $113.5 million, making it one of the more heavily funded private tech companies in New England. The startup recently unveiled a new robot for manufacturing called Sawyer, to go along with its first robot, Baxter.
Sawyer is designed to do things like electronics assembly and testing—and do it in factories worldwide.
Rethink Robotics, which got its start in 2008 (originally called Heartland Robotics), is led by founder and CTO Rodney Brooks and chief executive Scott Eckert.