RoboForce raises $10M for robots to tackle labor shortage
RoboForce raises $10M for robots to tackle labor shortage
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RoboForce, which is focused on building a robotic labor system, announced on Jan. 6 that it raised $10 million in early-stage funding.
Investors include Stanford University Nobel Laureate Myron Scholes; Gary Rieschel, co-founder of Softbank’s US venture group; and Carnegie Mellon University.
Funds will go toward emerging from stealth mode and deploy its robot labor system for early customers this year. The system is designed to fulfill labor shortages in harsh outdoor conditions, complete hazardous tasks in dangerous work environments and maximize project efficiency while saving costs.
“We are building the most advanced Robo-Labor system to take on the most tedious, physically demanding, and dangerous jobs that humans shouldn’t have to do,” RoboForce founder and CEO Leo Ma said in a press release.
RoboForce’s target industries include solar, space, manufacturing and mining. Its first customers are commercial and utility-scale solar project developers.
The company is based in Milpitas, California.