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Nike fund SRI spinoff Grabit | Silicon Valley Robotics

by
08 October 2013



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The Robot Launch Pad‘s insight:

NIKE has joined Formation 8 and ABB Technology Ventures in funding Grabit’s $3 million Series A round. Grabit is an industrial automation and material handling solutions company. Grabit’s current customers include some Fortune 500 companies in industries such as warehouse automation, parcel handling, consumer products, and textiles. NIKE has recently filed patent applications for automating an entire factory in a bid to reduce manual labor costs and boost profit margins.

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Andra Keay is the Managing Director of Silicon Valley Robotics, founder of Women in Robotics and is a mentor, investor and advisor to startups, accelerators and think tanks, with a strong interest in commercializing socially positive robotics and AI.
Andra Keay is the Managing Director of Silicon Valley Robotics, founder of Women in Robotics and is a mentor, investor and advisor to startups, accelerators and think tanks, with a strong interest in commercializing socially positive robotics and AI.





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