Bear Robotics Secures $81 Million in Series B  

by Kay Aloha Villamor in March 16th, 2022

Bear Robotics, a Redwood City, CA-based leading innovator of hospitality robotics and artificial intelligence solutions, announced the completion of an $81 million in Series B funding round. 

New investor IMM led the round with participation from Cleveland Avenue, LLC and other existing investors. To date, Bear Robotics has raised $117M in total funding.

This new Series B investment will accelerate Bear Robotics’ efforts in adding new products that complement the increasing need for automation in the hospitality space and expanding the company’s reach into new markets around the world. Bear Robotics will also leverage this investment to hire additional top talent.

Company: Bear Robotics, Inc.

Raised: $81.0M

Round: Series B

Funding Month: March 2022

Lead Investors: IMM

Additional Investors: 

Company Website: https://www.bearrobotics.ai/

Software Category:  Hospitality Robotics and Artificial Intelligence solutions

About the Company: Bear Robotics is elevating dining experiences by automating the hard part. By utilizing AI and self-driving technology, Bear Robotics deploys robots to take care of everything from drink serving to food running and table bussing, allowing hosts and waitstaff to focus on delivering outstanding service. Headquartered in Redwood City, CA, Bear Robotics’ multi-award-winning robots tackle tough jobs in fine-tuned fashion across a range of restaurants, corporate campuses, hotels, ghost kitchens, senior care facilities, and casinos across North America and Asia.

Source: https://www.businesswire.com/news/home/20220315005074/en/Bear-Robotics-Raises-81M-Series-B-to-Scale-Up-Mobile-Robots-in-the-Hospitality-Market

 

 


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