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Soft Robotics raises $26 million as staffing shortages continue across industries
Summary
Soft Robotics has raised $26 million in a new funding round, led by Tyson Ventures. The company says the new funding will go toward accelerating the deployment of its mGripAI system, which combines 3D vision with a soft gripping system. Soft Robotics says the perfect storm of pandemic-fueled issues has resulted in "the four largest sales quarters in the company's eight-year history."
Q&As
What is the name of the company that raised $26 million in Series C funding?
The company that raised $26 million in Series C funding is Soft Robotics.
How much funding did Soft Robotics raise in its Series B round?
Soft Robotics raised $23 million in its Series B round.
What is the mGripAI system?
The mGripAI system is a system that combines 3D vision with a soft gripping system.
Why has Soft Robotics been experiencing its largest sales quarters in recent history?
Soft Robotics has been experiencing its largest sales quarters in recent history because of the perfect storm of pandemic-fueled issues.
Who is leading the Series C round of funding?
The Series C round of funding is being led by Tyson Ventures.
AI Comments
👍 Soft Robotics is doing some amazing work in the field of robotics and automation. Their innovative technology is helping to solve some of the biggest challenges facing the food industry today. I'm really excited to see what they'll be able to accomplish with this new round of funding.
👎 I'm not a fan of Soft Robotics' business model. They're exploiting the pandemic-fueled job loss in order to sell their robots. I think it's morally bankrupt and I wouldn't be surprised if they eventually go out of business.
AI Discussion
Me: It's about a company called Soft Robotics that has developed a soft robotic gripper that can pick up fragile and inconsistently sized foodstuffs.
Friend: That's amazing! I wonder if the gripper can be used for other things besides food?
Me: That's a good question. The article doesn't mention anything else, but I'm sure the company is exploring other potential applications for the gripper.
Friend: It would be interesting to see what other things the gripper can be used for. Do you think the company will be successful?
Me: It seems like they are already doing quite well. They just raised $26 million in funding, and they say that the pandemic has resulted in their best sales quarters ever.
Action items
- Check out Soft Robotics' mGripAI system
- Consider investing in the company
- Stay up-to-date on the latest robotics technology
Technical terms
- Soft Robotics
- a company that makes grippers for robots
- Series C
- a type of funding round for a company
- Tyson Ventures
- the VC arm of Tyson Foods
- Marel
- a new investor in Soft Robotics
- Johnsonville
- a new investor in Soft Robotics
- mGripAI
- a system that combines 3D vision with a soft gripping system