Wearable robotics startup Verve Motion snags $15M Series A

Funding Rounds

Summary

This new round of funding will fuel the continued development of our solution and scale operations to meet the growing demand for our product in order to get it to the workers who need it most right now," said Ignacio Galiana, Co-founder and CEO of Verve Motion. Verve Motions inaugural product, called SafeLift, is a lightweight, software-enabled wearable solution that combines real-time movement sensing with robotic assistance, in a comfortable and ergonomic form factor to empower and protect industrial workers. Beyond taking the strain off a workers body, the technology is connected to the cloud and AI-enabled, for providing automated ergonomics analytics that give industrial leaders valuable insights to enhance the safety of their workforce. Partnering with supply chain, logistics, manufacturing and other industrial leaders in safety innovation, Verve is creating the next generation wearable solutions for the millions of workers that power our economy and society. The fund invests in companies that are connecting, automating, and transforming foundational industries that power half of our countrys GDP—such as logistics, manufacturing and transportation—using software based business models.

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Amount $15.0M Total raised
Date July 15, 2021 Announcement date
Investors - Lead investors
Company https://vervemotion.com/ Funded company

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