Svt robotics raises $25m in series a funding

SVT Robotics has raised $25 million in Series A funding. The funding came from Tiger Global, with participation from Prologis Ventures. SVT’s SOFTBOT platform is designed to enable rapid integration and deployment of industrial robotics. The platform is built using what the company calls “SOFTBOTS.

SVT will use the new funding to further advance its SOFTBOT Platform and capabilities. Tiger Global contributed to Nuro’s $600 million in Series D funding earlier this month. In September 2021, it invested $50 million in Locus Robotics, a leading producer of autonomous mobile robots.

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