Cogniteam, a Tel Aviv, Israel-based robotics development company that recently launched the Nimbus robotics AI operating platform, announced the closing of a $5.6 million in Series A.
The round of funding comprised the previous investors of Seabarn Management, (Andrew Owens) and UK-based Panthera family office members.
This round enables Cogniteam to boost product development and Nimbus sales further as the robotics revolution continues to show both consumer and commercial demand.
In addition to the new round, Cogniteam has been handpicked to co-lead a $20 million Human-Robot Interaction (HRI) consortium, funded by the Israeli Innovation Authority.
Round: Series A
Funding Month: May 2022
Lead Investors: Seabarn Management, and Panthera family office members
Company Website: https://www.cogniteam.com/
Software Category: Robotics AI Operating Platform
About the Company: Cogniteam is a startup company in the field of Robotics and A.I. The goal is to become a world leader in robotics and simulation markets, in particular in products requiring high levels of autonomy and intelligence. Cogniteam provides Nimbus, robotics AI operating platform, which boosts collaborative robotic development capabilities, helping companies bring new robotic programs to market in a fraction of the time. The platform offers a simulated environment where software developers can thoroughly test their capabilities before the prototype physical robot build-out has been completed.