Seed Round Funding for Artimus Robotics
Updated: Jan 18
On August 12, 2020, Artimus Robotics announced the closing of their series seed investment round from Heroic Ventures and Hunt Technology Ventures. This investment, combined with Artimus’ extensive non-dilutive grant funding from the NSF and CO OEDIT, provides Artimus with capital for continued development as they leverage their HASEL actuation technology to address motion challenges facing the industrial automation, defense, and manufacturing industries.
Heroic Ventures Managing Partner and Founder, Matt Robinson, will assume a board seat, providing operational and business expertise to help Artimus deepen business relationships with their current commercial partners while also building relationships with new customers. Mr. Robinson is excited about investing in Artimus because of the “founding team’s passion and capabilities, the promise of Artimus Robotics revolutionary HASEL actuation technology, and the overall momentum of the robotics market.”
Hunt Technology Ventures Founder and Managing Partner, David Hunt, was drawn to Artimus, saying “the Artimus team’s commitment to making robotics more capable in the physical world through their HASEL actuation technology presents an incredible opportunity for their customers.”
Artimus cofounder and CEO, Dr. Tim Morrissey, expressed how thankful he was for this investment and the opportunity to bring the Artimus Robotics technology to market: “This investment and grant capital is critical for our operations through 2021 and will allow us to further develop and harden our HASEL technology while demonstrating intelligent motion solutions in customer driven applications.”
About Artimus Robotics
Artimus Robotics is enabling a new generation of robots and machines that increase productivity and improve quality of life. Led by a world-class team of incredibly capable and creative experts in soft robotics, Artimus Robotics makes a profound impact on the future of robotics and automation by solving its biggest motion challenges. Invented and developed in Boulder, Colorado, their cutting-edge technology, HASEL artificial muscles, is at the forefront of robotic innovation. To learn more about Artimus Robotics or how you can try HASEL technology in your application, please visit www.ArtimusRobotics.com and follow the company @ArtimusRobotics.
About Heroic Ventures
Heroic Ventures is a first money and early stage venture capital fund. Heroic Ventures invests in heroes -- passionate and purposeful entrepreneurs solving real problems in huge markets. To learn more about Heroic, visit www.heroicvc.com.
Keywords: HASEL Actuators, Soft Robotics, Smart Hardware, Connected Hardware, Compliant Actuators, Life-like Robotics.