CyPhy Works Receives $22,000,000 Series B Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=01397749-14cb-4259-908e-8712892162b9 - Date
10/13/2015 - Company Name
CyPhy Works - Mailing Address
16C Electronics Ave. Danvers, MA 01923 USA - Company Description
We’re a product company, but our products are accessible, reliable, and practical robots designed to help real world problems. We don’t design general-purpose robots, hoping that some day they’ll have a use. Our robots are specific and purpose-built, targeting problems that can only be solved by ingenious robotic design. - Website
http://www.cyphyworks.com - Transaction Type
Venture Equity - Transaction Amount
$22,000,000 - Transaction Round
Series B - Proceeds Purposes
I’m also very excited to announce that this investment will fuel the commercial launch of our tethered Persistent Aerial Reconnaissance and Communications (PARC) vehicle system. In addition to the launch of PARC, the new investment will fund hiring in the engineering, sales, marketing, and customer support functions. - M&A Terms
- Venture Investor
Bessemer Venture Partners - Venture Investor
Motorola Solutions Venture Capital - Venture Investor
UPS Strategic Enterprise Fund - Venture Investor
Draper Nexus - Venture Investor
Lux Capital - Venture Investor
General Catalyst Partners
