Christchurch wall-climbing robot startup raises $13 million, expands to new market
Summary
Invert Robotics has raised US$8.8 million in a new round at a post-money valuation of about US$35 million. The Christchurch startup builds wall-climbing robots that clean and inspect non-magnetic surfaces such as stainless steel, glass, and aluminum. The company already serves major dairy customers and now wants to expand into the chemicals industry. It plans to use part of the funding to grow its US sales team and continue R&D in Christchurch.
Funding
Amount
$8.8M
Total raised
Date
May 2, 2019
Announcement date
Investors
BP, Dow, Finistere Ventures, Yamaha Motor Ventures, BASF
Lead investors
Company
invertrobotics.com
Funded company
Classifications
industries
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applications
ERP Software
AskAI Classifications
Labels
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