ABB Technology Ventures joined Persimmon's existing investors Intel Capital and Nidec Sankyo and helped the industrial technology producer to complete a $14m series B.
US-based robotics and motor technology developer Persimmon Technologies has closed its series B round at $14m after securing $6m from the corporate venturing unit of Switzerland-based power and automation company ABB earlier this month.
ABB Technology Ventures was joined in the round by US-based firm Berwind Private Equity. Persimmon has now raised $19.8m in total, and its investors include corporate venturing unit Intel Capital, Japan-based motor unit producer Nidec Sankyo, both of which invested in the company’s $5.8m series A…
