Cogniteam, a robotics development startup that just launched the Nimbus robotics AI operating platform, has raised $5.6 million in a Series A round of funding.
Previous investors in Seabarn Management (Andrew Owens) and UK-based Panthera family office members participated in the round of funding.
As the robotics revolution continues to exhibit both consumer and business demand, this financing allows Cogniteam to accelerate product development and Nimbus sales.
“With the Nimbus platform, we redefined what is possible to expedite and future-proof robotic development,” said Dr. Yehuda Elmaliach, Co-Founder & CEO of Cogniteam. “Nimbus’ low-code method is revolutionizing programming by providing a virtual environment in which software writers may completely evaluate their skills before the prototype physical robot build-out is completed.”
Developers can choose pre-built software packages from the popular ROS operating system, NVIDIA’s ISAAC SDK GEMs toolset, and field-tested algorithms developed in-house by Cogniteam in addition to this virtual testing environment.
Nimbus-operated robots are kept up to date with the latest software advances and AI learnings throughout their lives thanks to regular Cloud updates and lesson sharing.
With these funding, Cogniteam will be able to grow its sales and support teams in order to onboard additional firms that wish to equip their robots with field-tested functionalities. “Following the successful launch of Nimbus and the team’s shown ability to overcome crucial milestones, we grabbed the opportunity to raise our investment in Cogniteam,” stated lead investor Andrew Owens. Cogniteam’s demonstrated capabilities have generated strong market demand, which the investors are eager to meet.”
In addition to the current financing, Cogniteam has been chosen to co-lead a $20 million Israeli Innovation Authority-funded Human-Robot Interaction (HRI) consortium.
They’re working on verbal and nonverbal communication gestures that robots can use to interact with society while doing duties with other major Israeli private and academic institutions.
Cogniteam will provide the consortium’s capabilities to their Nimbus platform for firms to use, in keeping with their aim of easy adoption of advanced capabilities.
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