Listen to this articleCollaborative Robotics has kept its actual robot out of public view. | Source: Adobe Stock, Photoshopped by The Robot Report. Collaborative Robotics, a developer of cobots for logistics, today announced the establishment of a Foundation Models AI team. Michael Vogelsong, a founder of Amazon’s Deep Learning Tech team, will lead the new team in Seattle. “Our cobots are already doing meaningful work in production on behalf of our customers,” stated Brad Porter, CEO of Collaborative Robotics. “Our investment in building a dedicated foundation models AI team for robotics represents a significant step forward as we continue to increase the collaborative potential of our cobots.”

Listen to this articleFigure 1: Global Robotics Investment – Trailing 12 Months. Robotics investments reached at least $466 million in April 2024, the result of 36 funding rounds. The April investments figure lagged recent months and was the smallest amount since November 2023. April 2024’s investment total was significantly less than the trailing 12-month average of $1.1 billion (see Figure 1). Providers of collaborative robots scored the two largest rounds. As described in Table 1, Collaborative Robotics’ $100 million Series B round was April’s largest investment

Collaborative Robotics, a Santa Clara, CA-based company which specializes in the development of practical collaborative robots (cobots), raised $100M in Series B funding.