… Cyphy Works, the UAV developer with the tether solution, raises $7 million from VCs and angel investors.
… Funds will be used to expand Cyphy Works efforts in surveying and situational awareness for agriculture, mining, construction, oil & gas, insurance and others.
… CEO Helen Greiner, who was previously the co-founder and President of iRobot, said, “The opportunity to bring flying robots to commercial sectors is truly exciting. We are building a reliable and robust platform that is differentiated from hobbyist class UAVs, and is specifically designed for field operations in rough real-world conditions.”
… Rethink Robotics gets $11.5 million Series D funding from VCs, previous investors and Bezos Expeditions, bringing total funding thus far to $73.5 million. Rodney Brooks, Rethink’s CTO, was also a co-founder of iRobot as well as Director of MIT’s CS and AI lab.
… Rethink said the funding will be used as growth capital for continued expansion. When the company ships its 1,000th Baxter, perhaps other financing may be available – like an IPO?