Elementary Robotics, a Los Angeles, CA-based robotics startup, raised $12.7M in Series A funding.
The round was led by Threshold Ventures (formerly DFJ) with participation from existing investors Fika Ventures, Fathom Capital, Ubiquity Ventures and Toyota AI Ventures. With this round, Threshold Ventures Partner Mo Islam has joined the Elementary Robotics Board of Directors.
The company intends to use the funds to continue developing and deploying its automation products at scale.
Founded in 2017 by Arye Barnehama, CEO, Elementary has built a hardware and software platform for applying machine learning and computer vision for intelligent automation of quality and traceability workflows in manufacturing and logistics. The company was incubated at Idealab in Pasadena.
FinSMEs
01/07/2020