A Utah company just raised $40 million for commercial production of robotic exoskeletons that help wearers lift up to 200 pounds
Mary Meisenzahl
- Sarcos Robotics just raised $40 million in a Series C funding round.
- Sarcos Robotics makes robots designed to increase human productivity and safety in industrial settings.
- The money will be used to scale up production of the Guardian XO, a robotic exoskeleton.
Sarcos Robotics raised an additional $40 million in a Series C funding round, which it will use to scale up production on its robotic exoskeleton, the Guardian XO.
The company, based in Salt Lake City, Utah, has accumulated $96 million in venture capital, Crunchbase reported. The newest funding will be used for commercial production on the Iron Man-like exoskeleton that has been in development for more than 20 years.
"In addition, we will also advance the development of our 'smart' version of the Guardian XO exoskeleton with our Cybernetic Training for Autonomous Robots (CYTAR) artificial intelligence platform, which will enable the robot to augment the operator's precision and skill to complete specific tasks," chairman and CEO Ben Wolff said in a press release.
The exoskeletons are available for preorder now, and Sarcos Robotics envisions them being used in industries including manufacturing, military and defense, construction, and more.
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