Alley Robotics Ventures, a New York and Boston, MA-based firm focused on founding, funding, and building transformative companies in the space of robotics and automation, closed its first early stage venture fund, at $30m.
Anchor Limited Partners include Kevin Ryan and Eliot Horowitz.
The fund will invest in and incubate ventures dedicated to solving the world’s problems through robotics and automation. The firm’s focus is on robotics and automation startups across both hardware and software.
Led by Abe Murray, Alley Robotics Ventures builds on AlleyCorp’s strategy of developing expertise around key verticals including ecommerce, media, healthcare, Web3, robotics, and material sciences.
The firm has made five investments to date in aescape, Civ Robotics, Dexai Robotics, Earth Force, and Mapless AI.
Abe Murray is a former partner at AlleyCorp who will remain an advisor to the company in areas beyond robotics and automation. Prior to founding ARV, Murray was a product and engineering leader who held various roles at Alphabet. He also worked on Android, built the Verily Life Science product teams, and built the Google Research product management team. Pre-Google, Murray founded a Web 2.0 startup and worked on unmanned aerial vehicles in the defense industry.
FinSMEs
18/10/2022