Grabit, a Santa Clara, Calif.-based provider of industrial automation and material handling solutions, raised an undisclosed amount of funding.
Backers included Flextronics Lab IX and Draper Nexus Ventures.
The company intends to use the funds for development of electroadhesion based products for industrial robotics and warehouse logistics.
Led by Charlie Duncheon, CEO and co-founder, Grabit has developed patented electroadhesion technology that enables new solutions in robotic parts handling, parts fixturing, warehouse logistics and conveying systems. Electroadhesion is a low energy technology that enables the grasp and release of parts and eliminates the need for energy-intensive conventional vacuum grippers, or expensive part specific fixtures.
The company has more than a dozen customers, including Fortune 500 companies in textiles, printed circuit board (PCB) manufacturing, parcel shipping and warehouse logistics.
FinSMEs
03/06/2014