University of Utah robotics spinout Sarcos has will use the funding for the commercial manufacturing of its industrial exoskeleton product.
Sarcos Robotics, a US-based industrial robot developer spun out of University of Utah, attracted $40m on Tuesday in a series C round led by Rotor Capital.
The round also included “most” of Sarcos’ existing shareholders, which seemingly included oilfield services provider Schlumberger.
Sarcos Robotics produces robotic systems with robust and flexible materials tailored to functioning in industrial factories and harsh outdoor climates.
The company is currently preparing to launch an exoskeleton called Guardian XO that compensates for…
