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Venture Capital News: Rethink Robotics Grabs $11.5M

2013-11-01
BOSTON, MA, Rethink Robotics has raised $11.5 million in new funding. The funding was led by Two Sigma Ventures.
According to the Boston Business Jourtnal, Rethink Robotics has raised $11.5 million in new funding. The funding was led by Two Sigma Ventures, a division of New York-based asset management company Two Sigma Investments.

Also taking part in the round were all existing investors: Existing investors include Sigma Partners, Charles River Ventures, Highland Capital Partners, Draper Fisher Jurvetson and Bezos Expeditions.

Baxter, our flagship product for manufacturing, and our new Baxter Research Robot for research environments, are changing the definition of what robots are capable of. Instead of being dangerous, expensive and difficult to work with, our robots are safe, affordable and simple to use. As a result, Baxter and Baxter Research Robot are showing up in places you'd never expect to see a robot.
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