Contoro Robotics, an Austin, TX-based company augmenting robot intelligence with AI and teleoperation, raised $4.7 million in Seed funding, bringing its total raised to $6 million.
The funding round was led by SV Investment, with participation from Kakao Ventures, Bass Investment, Future Play, and UT Austin Seed Fund.
This investment will accelerate the development of Contoro Robotics' Robot Technology, powered by augmented intelligence.
Contoro Robotics' technology combines artificial intelligence (AI) with human expertise. This approach allows Contoro Robotics' technology to be used in a wide range of applications, from simple tasks that can be easily automated to complex tasks that require human judgment.
"We are excited to announce this investment, which will allow us to accelerate the deployment of our augmented intelligence technology," said Youngmok Yun, CEO and founder of Contoro Robotics. "We're making headway in the logistics domain, and we're confident diverse industries can benefit from our innovative solutions."
Currently, Contoro Robotics is focused on addressing the challenges associated with unloading overseas containers for warehouse businesses. Their robots are designed to reduce the cost and time involved in container unloading while improving safety. A pilot program utilizing Contoro Robotics' technology is scheduled to launch in the third quarter of 2023.
Company: Contoro, Inc.
Raised: $4.7M
Round: Seed Round
Funding Month: June 2023
Lead Investors: SV Investment
Additional Investors: Kakao Ventures, Bass Investment, Future Play, and UT Austin Seed Fund
Company Website: https://www.contoro.com/
Software Category: Augment Robot Intelligence
About the Company: Contoro Robotics is a company developing AI/teleoperation technology that enables robots to be controlled autonomously and remotely from anywhere in the world. The company's mission is to introduce advanced intelligence to robotic arms by combining AI and human intelligence.
Source: https://www.prnewswire.com/news-releases/contoro-robotics-raises-4-7m-in-seed-round-301866250.html