Relay Robotics Secures $10 Million Financing
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Monday, May 2, 2022
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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.