USA – Brain Corp, a San Diego, CA-based AI company creating transformative core technology in the robotics industry, raised $36m in Series D funding.
The round was led by returning investor SoftBank Vision Fund 1, and includes new investors ClearBridge Investments, LLC and Satwik Ventures, and an additional investment from Qualcomm Ventures LLC. The company intends to use the funds to further expand growth into new robotic applications beyond floor care, including inventory delivery, shelf analytics, and other applications that improve employee productivity, reduce costs, and enhance customer experiences. The capital will also be used to support the manufacturing and sales efforts of OEM partners in new markets, such as those in Europe and Asia-Pacific. Led by CEO Dr. Eugene Izhikevich, Brain Corp is an AI company creating core technology for the robotics industry. Its solutions support the builders of today’s autonomous machines in producing, deploying, and supporting robots across commercial industries and applications. Original equipment manufacturing (OEM) partners, such as Tennant Company, Nilfisk, Alfred Kärcher SE & Co. KG, Minuteman International, Dane Technologies, UniCarriers Americas and others, license Brain Corp’s robotic AI software, BrainOS®, to create autonomous mobile robots that can operate safely in dynamic indoor public spaces. 27/04/2020
