SVT Robotics Secures $3.5M in Seed Funding

SVT Robotics, a Norfolk, Va.-based provider of a software platform that accelerates and simplifies deployment of industrial robotics, completed a $3.5m seed funding round.

The round was led by Cowboy Ventures with participation from Dynamo Ventures, Schematic Ventures, Ludlow Ventures, and NRV.

The company intends to use the funds to scale up the product and customer success teams and expand its offering.

Co-founded by Michael Howes and A.K. Schultz, SVT Robotics provides a robotic Integration Platform as a Service (iPaaS) that enables companies to connect their enterprise systems to any robot or automation. The company is now expanding its product feature set to support this customer growth and market demand.

Source. FinSMEs, May 5, 2020

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