On July 26, 2023, Collaborative Robotics, a leader in the development of practical collaborative robots (cobots), announced it has raised $30 million in Series A funding led by new lead investor, Sequoia Capital, bringing the total amount raised to over $40 million. The funds will enable Collaborative Robotics to begin scaling early field deployments and manufacturing of its novel cobot. Other contributors include Khosla Ventures and Mayo Clinic, with Calibrate, Neo, and 1984.vc expanding existing investments. Jeff Wilke (former CEO of Amazon Consumer), Fuel Capital, and MVP Ventures also added to the pool. Alongside Collaborative Robotics' development of their cobot, the team launched the Cobot Flywheel Program to help the world's most innovative companies in biotech, healthcare, and logistics drive operational transformation with advanced robotics solutions. As part of its collaboration with Collaborative Robotics, Mayo Clinic has adopted the Cobot Flywheel Program to accelerate robotics initiatives.

Wilson Sonsini Goodrich & Rosati represented Collaborative Robotics in the transaction. The team includes Seth Helfgott, Rowena Chen, Daniel Xo, Ryan Greecher, Tiphanie Cascella, Matt Staples, Daniel Chen, Audrey Garfield, Morgan Kasenchak, Myra Sutanto Shen, and Anne Seymour.

For more information, please see the press release. Further coverage can be found at TechCrunch, Sequoia Capital, Bay Area Inno, The Robot Report, Robots 24/7, and Silicon Angle.