Posted in | Industrial Robotics

Neato Robotics Raises Funds Worth $3.7 Million

Neato Robotics, a leading developer of robotic vacuum cleaners, has received a new grant worth $3.7 million from five investors.

According to the filing that was submitted to the Securities and Exchange Commission, this grant was offered as a part of the company’s initiative to augment their funding  to around $14 million.

The earlier rounds of funding discussions as well as the investor details were not revealed by the company. Noventi enlists Neato Robotics in its portfolio companies list. Giacomo Marini, Founder and MD of Noventi, is one of the Directors of Neato Robotics. The other Director of Neato is Pierluigi Zappacosta, a partner of Noventi.

Source: http://www.neatorobotics.com

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