XYZ Robotics develops pick-and-place robots for warehouse and logistics applications. The company differentiates its technology with an advanced vision system and a dexterous system of swappable grippers that can be replaced on the fly. It plans to use new funding for research and development, business development, and scaling its operational capabilities. Investor interest has grown amid increased demand for automation during the COVID-19 pandemic. Founded in May 2018, XYZ operates out of Massachusetts. Its latest financing brings total funding to $27 million to support further product development and commercialization.

Total raised

$17M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2020