Brain Corp secured $36M in Series D Funding Round

Brain Corp

Brain Corp, a San Diego, California based Artificial Intelligence Company creating transformative core technology in the robotics industry, has now secured $36 million in the Series D round of funding.

The funding round was backed by the existing investors SoftBank Vision Fund 1, with the participation from some of the new investors which include the Satwik Ventures, ClearBridge Investments, and an additional investment from Qualcomm Ventures LLC.

Brain Corp is founded by Dr. Eugene Izhikevich. It is an AI company creating core technology for the robotics industry. It supports the machines in producing, deploying, and supporting robots across the commercial applications and industries.

Executive Opinion

Brain Corp CEO, Dr. Eugene Izhikevich, said, "We have always envisioned a world where robots make the lives of people safer, easier, and more productive. Autonomous robots are playing a vital role in supporting essential businesses and their workers during this health crisis. This investment will help us continue our pace of innovation and fuel our growth as we execute on the opportunity in front of us."

Brain Corp's Latest Funding

The company, as of now, has plans to use the new funds to expand growth into new applications of robotics apart from inventory delivery, floor care, shelf analytics, and applications that help to increase the productivity of employees, enhance customer experience and reduce costs.

The newly raised funds will be used to support the sales efforts of OEM partners in APAC and Europe region, notes the announcement.

Some of its client's bases include the Dane Technologies, Nilfisk, Tennant Company, Alfred Karcher SE & Co. KG, Minuteman International, among others.

PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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