Johns Hopkins-founded Ready Robotics secured funding from a quartet of venture investors to drive the scale-up of its industrial automation software business.
Ready Robotics, a US-based robot operating system software spinout of Johns Hopkins University, has obtained $23m in a round led by venture capital firm Canaan Partners, Forbes reported yesterday.
The round, pegged by Forbes at a $42m valuation, also included RRE Ventures, Eniac Ventures and Drive Capital.
Founded in 2016, Ready Robotics has developed a software platform, Forge O/S, for industrial robots that enables the machines to be configured by the client without specialised coding expertise.
Forge O/S is intended as a universal operating system for automated industrial machinery, saving expenditures associated with hiring robotic engineers.
Ready Robotics emerged from PhD research undertaken at Johns Hopkins by Kel Guerin, now chief technology officer of the spinout.
The company last raised $15m in a December 2017 round led by Drive Capital that featured RRE Ventures and Eniac Ventures, according to VentureBeat, which reported the deal in April 2018.
Ready Robotics had already obtained $2m of seed funding in November 2016 from investors including Sagamore Ventures, according to Manufacturing Mirror.
RRE Ventures and Eniac co-led an earlier $1.5m seed round for the business in June 2016 that was backed by Sagamore Ventures and Emerald Development Managers.
– Feature image courtesy of Ready Robotics
