Rapid Robotics raises another $36.7M
https://techcrunch.com/2021/08/18/rapid-robotics-raises-another-36-7m/
Rapid Robotics announced a $12 million Series A all the way back in April 2021. Four months later, the Bay Area-based robotic manufacturing firm is back with a $36.7 million Series B, led by Kleiner Perkins and Tiger Global. The round, which also features existing investors NEA, Greycroft, Bee Partners and 468 Capital, brings the company’s total funding up to $54.2 million.
The funding values the startup at $192.5 million — an impressive figure for a firm that was raising its seed in 2020. The Series B is Rapid’s third (!) in less than a year, no doubt spurred on by the immense interest in robotics and automation being fueled by a seemingly endless global pandemic.