Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Rios, a US-based robotics developer spun out of Stanford University, has emerged from stealth with $5m of capital co-led by Valley Capital Partners and Morpheus Ventures, TechCrunch reported yesterday. Imaging technology producer Fujifilm and industrial product maker NGK Spark Plug provided backing, and were joined by Grit Ventures, Motus Ventures, MicroVentures and Alumni Ventures Group. Founded in 2018, Rios has devised a robot for automating industrial tasks like bin picking and conveyer belt operations, powered by perception AI software and…
