General Catalyst, Amazon Back AI-Powered Robotics Startup
- Standard Bots is working on technology for tasks like assembly
- Amazon has invested in a number of robotics startups
Standard Bots builds AI-powered robotic arms that are meant to automate tasks like complex assembly, food preparation or dish washing.
Source: Standard BotsThis article is for subscribers only.
Artificial intelligence robotics startup Standard Bots has raised $63 million over a series of deals, the company plans to announce Friday.
A majority of that funding haul, which has not been previously reported, is from a $39 million Series B round the startup recently closed. General Catalyst led the round, with participation from the Amazon Industrial Innovation Fund and Samsung Next, a venture arm of Samsung Electronics Co. The company declined to disclose its valuation.