SVT Robotics raised $3.5 Million in Seed Funding round from Cowboy Ventures

SVT Robotics, a software platform that accelerates and simplifies the deployment of industrial robotics, has now secured $3.5 million in a seed funding round.

SVT Robotics is founded by the A.K. Schultz and Michael Howes. It offers a robotic integration platform that enables companies to connect their enterprise's system to any automation or robot.

Executive Opinion

Ted Wang, The Managing Partner at Cowboy Ventures, said, "We believe supply chain automation will continue, even during these difficult times, as businesses strive to meet increased consumer expectations. SVT is well-positioned to help companies complete their deployments more quickly, less expensively, and with less risk. Although the company had the resources to ride out a downturn, we invested to help SVT expand its product offering, setting them up to become an enduring company."

A.K. Schultz, CEO, and Co-founder at SVT Robotics, said, "Our platform gives any company the power to rapidly deploy new, innovative robotics and the flexibility to alter course quickly to meet the needs of the market. This seed round shows that SVT Robotics has the right product fit for the market today and as it evolves, plus an amazing group of investors who are looking to help solve the problems of tomorrow."

SVT Robotics' Latest Funding

The company is now looking to expand its product feature set to support this customer growth and market demand.

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

The company, as of now, has plans to use the funds to scale up the product and customer success teams and expand its offering, notes the announcement.