Main the cost in increasing robotics past factories, PickNik Robotics publicizes a big $2 million pre-seed funding spherical, with assist from Stellar Ventures and Cypress Progress Capital. Uncover how their revolutionary MoveIt Studio platform is revolutionizing robotics for varied functions, from house to on a regular basis life.
Boulder, CO — PickNik Robotics, “The Unstructured Robotics Firm,” proudly publicizes a serious milestone in its mission to carry robotic arms out of factories and into our on a regular basis lives. The corporate has simply raised $2 million in a pre-seed funding spherical led by Stellar Ventures and Cypress Progress Capital, positioning itself because the dominant power in redefining the robotics business by means of its revolutionary software program platforms. The funding augments PickNik’s current $5M in non-dilutive SBIR funding contracts with NASA JSC, NASA Ames, and House Drive.
This funding might be used to additional develop their highly effective robotics platform MoveIt Studio, which permits any developer or engineer to create superior functions with robotic arms. MoveIt Studio is exclusive in that it tackles a brand new and fast-growing robotics market phase: robots outdoors of the normal manufacturing area. MoveIt Studio is already being utilized by many firms for superior functions like Autonomous Cellular Robots (AMR) that leverage cell robotic arms for in-situ bin choosing, explosive ordnance disposal for SWAT groups, and next-gen house functions similar to autonomous cargo unloading from house station re-supply capsules.
Dave Coleman, CEO of PickNik, expressed his enthusiasm for the pre-seed funding, saying, “This funding marks a pivotal second in our journey from a bootstrapped firm that would solely innovate incrementally. We’re now dedicated to pushing the boundaries of what is doable with robotic arms sooner. With Stellar Ventures and Cypress Progress Capital by our facet, we have now the sources and assist to completely commercialize our highly effective platform that allows builders in every single place to construct superior robotic arm functions with much less threat.”
PickNik’s distinctive imaginative and prescient makes superior robotics accessible by means of each open supply and open core software program. Their flagship software program MoveIt Studio is constructed on their authentic, extremely widespread open supply MoveIt software program that continues to be one of many prime movement planning and manipulation frameworks globally. By embracing open supply ideas, PickNik empowers its prospects to cut back R&D prices considerably and collaborate with well-known de facto requirements.
PickNik persistently demonstrates its management tackling essentially the most difficult issues in robotics throughout many industries, together with house, subsea, surgical, power, AgTech, FoodTech, and private robots. With an unparalleled dedication to fixing robotics challenges outdoors of factories, PickNik has earned the belief and recognition from business giants together with Google, Amazon, Johnson & Johnson, Samsung, Hyundai, NASA, Sierra House, Blue Origin, and lots of extra.
“The robotics business is quickly evolving, and PickNik is on the forefront of innovation. We see immense potential of their capacity to develop superior options that bridge the hole between terrestrial and house robotics,” stated Matt Patterson at Stellar Ventures.
Traders are drawn to PickNik’s distinctive capabilities. Their dexterous manipulator management has earned the corporate reward from esteemed organizations like NASA (whose a number of SBIR packages have traditionally funded PickNik). “There are few others within the business of robotics with the potential of PickNik, particularly capabilities as expansive as their skills with dexterous manipulator management,” said a robotics engineer at NASA Johnson House Middle.
“As use instances for robotics functions grow to be extra advanced, PickNik’s experience and monitor report of fixing essentially the most troublesome robotics issues is extremely differentiated on this $230B market. With MoveIt Studio, PickNik is ready to leverage that have and ship it to a fair broader buyer base.” stated Pat McCaffrey, Companion at Cypress Progress Capital.
PickNik is proud to be a pacesetter of the Robotic Working System motion. The corporate created ROS drivers for a lot of widespread robots used globally together with Common Robotics, Kinova, ABB, and Motiv House Methods. As a 100% robot-arm agnostic firm, PickNik works with a variety of robotic manufacturers and kinds, from customized {hardware} to off-the-shelf options, catering to the precise wants of its prospects.
This pre-seed funding permits PickNik to additional revolutionize the unstructured robotics software program house with their MoveIt Studio product, and solidify its place as an business chief, poised for a future full of thrilling prospects.
About PickNik Robotics: PickNik Robotics, referred to as “The Unstructured Robotics Firm,” is a pacesetter in fixing advanced robotics challenges. The corporate’s flagship software program, MoveIt Studio, is the world’s #1 movement planning and manipulation platform, embracing open supply ideas to make superior robotics accessible and cost-effective. PickNik collaborates with a variety of industries and has a monitor report of excellence in growing robotic functions whereas mitigating open supply dangers.
About Stellar Ventures: Stellar Ventures is a forward-thinking enterprise capital agency that initiated its journey with the launch of SV Andromeda, a $23 million fund devoted to supporting visionary entrepreneurs on the forefront of house expertise. With a dedication to fostering innovation and transformative concepts, Stellar Ventures collaborates with distinctive founders who’re poised to revolutionize industries and make an enduring affect on our world.
About Cypress Progress Capital: Cypress Progress Capital, with a twelve-year monitor report and a workforce wealthy in entrepreneurial expertise, goes past conventional funding, offering invaluable steerage to portfolio firms. They help in shaping development methods, supply monetary experience, assist in expertise improvement, and facilitate mergers, acquisitions, and exits, making them a trusted associate for entrepreneurs looking for distinctive outcomes.
For media inquiries, please contact: Shane Allen, Director of Advertising at PickNik Robotics shane.allen@picknik.ai