Skytide

Relay Robotics Secures $10 Million Financing

Retrieved on: 
Monday, May 2, 2022

Relay Robotics, Inc. a new corporation formed by the acquisition of leading robotics developer Savioke announced the completion of a $10,000,000 Series A Financing and the appointment of veteran technology executive, Michael ODonnell, as Chairman and Chief Executive Officer.

Key Points: 
  • Relay Robotics, Inc. a new corporation formed by the acquisition of leading robotics developer Savioke announced the completion of a $10,000,000 Series A Financing and the appointment of veteran technology executive, Michael ODonnell, as Chairman and Chief Executive Officer.
  • Savioke Co-Founder, Steve Cousins, will become Chief Technology Officer of Relay Robotics and lead the companys product strategy and innovation efforts.
  • With COVID-19 retreating, the markets Relay Robotics serves (hospitality, healthcare, and real estate), are poised for a robust recovery.
  • Relay Robotics and its affiliates have been technology leaders in robotics since 2013 and hold 10 U.S. patents.