CyPhy Works Receives $22,000,000 Series B Funding Round

  • Feed Type
  • 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

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