The robotics technology developer raised the funding in a round featuring strategic investors General Electric, Caterpillar and Microsoft.
US-based robotics developer Sarcos Robotics raised a reported $10.5m in funding from investors including construction equipment manufacturer Caterpillar, software provider Microsoft and industrial product maker General Electric on Monday.
Cottonwood Technology Fund, two undisclosed investment firms and Sarcos co-founders Ben Wolff, Fraser Smith and Marc Olivier also took part in the round. Caterpillar and GE invested through their Caterpillar Ventures and GE Ventures units respectively.
Sarcos did not disclose the amount it had raised directly, but Geekwire reported the round…