October 31, 2017
Realtime Robotics Secures $2 Million in Seed Funding
[Press Release from Realtime Robotics, 30 October 2017]
Investors include SPARX Group Ltd., Scrum Ventures, and Toyota AI Ventures
BOSTON, MA – October 30, 2017— Realtime Robotics, which develops breakthrough technology that unleashes robots and autonomous vehicles from their current limitations, announced today that it has secured $2 million in seed funding to further its growth. Key investors in the seed round include SPARX Group Ltd., Scrum Ventures, and Toyota AI Ventures, a venture capital subsidiary of Toyota Research Institute (TRI).
Founded in March 2016 by Duke University professors Dan Sorin and George Konidaris, Realtime Robotics enables complex robotic motion planning tasks to be accomplished up to 10,000 times faster than previously possible using a proprietary special-purpose processor – allowing robotic systems to instantly react to their environments, and compute how and where to move as their situation is changing. This groundbreaking ability to instantly plan motion in response to rapidly changing conditions overcomes one of the primary challenges preventing robots and autonomous vehicles from achieving their enormous potential.