Tagged: robotics

Moon Express raised $1.53 million at first close almost two weeks ago


XDATA – October 13th 2015
Moon Express reported launching a $2.53 million mezzanine private placement. According to the filing, 60% or $1.53 million was sold to two backers almost two weeks ago. $1 million in additional funding can be raised before September 2016 based on the placement’s structure. A total of six unregistered securities offerings closed by the company raised an estimated $51.78 million.
Moon Express manufactures and develops innovative, flexible and scalable new robotic spacecraft that reduce the cost of space exploration and unlock the mysteries and resources of the moon. The company’s 2015 technology demonstrator mission is the first in an ongoing series of lunar missions focused on science, exploration and commerce.
The company, headquartered in Moffett Field CA, is led by Robert Richards (CEO). Moon Express kept its revenues undisclosed.
The executive team includes Daven Maharaj and Ken Sunshine.
The board of directors includes Barney Pell and Naveen Jain.

The company has raised an estimated total of $53.31 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Moon Express
Industry: Other
Amount offered: $2.53 million
Amount placed: $1.53 million
SEC filing: Source
First sale: 09-30-2015
Data as of: 10-13-2015

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Auris Surgical Robotics reported the completion of a $150 million financing round


XDATA – September 23rd 2015
$150 million was raised by Auris Surgical Robotics following the successful placement and issuance of its unregistered equity securities. A total of twenty-five investors participated to the non-brokered placement which started on September 8th. Two previous unregistered financing rounds raised an estimated $35.38 million.
Auris Surgical Robotics develops a dual-arm micro-surgical system for ophthalmic surgery. The company is backed by Mithril Capital, Highland Capital Partners, and Lux Capital.
The company is headquartered in San Carlos CA. Auris Surgical Robotics elected to keep its revenues undisclosed.
The executive team includes David Styka and Frederic Moll.
The board of directors includes Aja Royan, Bijan Salehizadeh and Peter Hebert.

The company has raised an estimated total of $184.93 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Auris Surgical Robotics
Industry: Other Technology
Amount offered: $150 million
Amount placed: $149.55 million
SEC filing: Source
First sale: 09-08-2015
Data as of: 09-23-2015

 

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Building Robotics, developer of Comfy, files for first close after raising 93%


XDATA – September 25th 2014

building robotics Building Robotics‘ first close reached $6.71 million. The company’s $7.21 million non-brokered equity issue was 93% sold to thirteen investors. The first commitments were received almost two weeks ago. This is the first time Building Robotics is selling securities under a registration exemption.

Building Robotics develops and markets occupant-facing applications to harmonize energy use and comfort in commercial buildings. With its first product, Comfy, the company optimizes building controls through software and machine learning, the company develops intuitive occupant-facing controls that sit on top of existing HVAC and management systems in commercial buildings. The company is backed by Claremont Creek Ventures (CCV), Google Ventures, Formation 8, Navitas Capital, Red Swan Ventures.

Andrew Krioukov (CEO) leads the Oakland CA based company which was registered in 2012. Building Robotics elected to keep its revenues undisclosed.
The board of directors includes Gary Dillabough, Nat Goldhaber and Stephen Dawson-haggerty.

Offering recap
Status: First close
Company: Building Robotics
Industry: Other Technology
Amount offered: $7.21 million
Amount placed: $6.71 million
First sale: 09-12-2014
Data as of: 09-25-2014

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Knightscope’s offering lures sixteen backers


XDATA – August 28th 2014

knightscopeSo far sixteen investors participated to Knightscope‘s $5.4 million brokered financing round. Financial backers bought, a couple of months ago, 28% of the offering or $1.52 million worth of equity. The offering will remain open until June 2015 while an additional $3.89 million worth of securities is sold to investors. The private placement’s expected net proceeds will amount to $5.33 million excluding $75,000 paid in brokerage fees by the company. Until this disclosure Knightscope had raised an estimated $1.5 million in unregistered securities via one previous financing round.

Knightscope markets and develops K5 a machine that utilizes a combination of autonomous technology, robotics and predictive analytics to provide a physical presence while gathering important real-time on-site data with its numerous sensors. Data collected through these sensors is processed through the K5’s predictive analytics engine, combined with existing business, government and crowdsourced social data sets, and subsequently assigned an alert level that determines when the community and the authorities should be notified of a concern. The K5 is offered on a machine-as-a-service (MaaS) basis.

William Santana Li (Chairman and CEO) leads the Mountain View CA based company which was registered in 2013.Knightscope elected to keep its revenues undisclosed.
The executive team includes Stacy Dean Stephens.

The company has raised an estimated total of $3.02 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Knightscope
Industry: Other Technology
Amount offered: $5.4 million
Amount placed: $1.52 million
First sale: 06-20-2014
Data as of: 08-28-2014


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Subscriptions to Prioria Robotics’ mezzanine issue increased


Change: offered +0% / raised +14% / placed 76%

XDATA – August 21st 2014

prioria  Prioria Robotics reported in a document filed with the SEC that its $2.67 million mezzanine offering is 76% subscribed as of August 21st 2014. Prior investors ponied up an additional $250,000. They had previously subscribed to $1.78 million in securities according to another filing disclosed in April 2013. So far, seven backers committed $2.03 million to Prioria Robotics‘ offering. The offering is most likely closed, based on the structure it was scheduled to close on November 21st 2013. The company closed three unregistered private placements which raised an estimated $9.1 million.

The company is a developer of small unmanned aerial vehicle (UAV) systems and related technologies, most notably the Maveric, a breakthrough composite carbon fiber UAV.

The company, led by Bryan Da Frota, is headquartered in Gainesville FL. Prioria Robotics kept its revenues undisclosed.
The executive team includes Jason Grzywna.
The board of directors includes Karl O Elderkin, Matthew Freedman, Michael Hewitt, Richard Molloy, Scott Murphy and Scott Zajac.

The company has raised an estimated total of $11.13 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Prioria Robotics
Industry: Other Technology
Amount offered: $2.67 million
Amount placed: $2.03 million
First sale: 11-21-2012
Data as of: 08-21-2014

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Stealth robotics company is developing “environmental” technology


LeeoEddy Chan and Adam Gettings’ company has been getting a lot of attention lately despite quietly developing its proprietary technology. Truth be told, it is still unclear what solutions the company will be offering, however the hunch it is related to robotics is getting confirmed. It seems the company is applying robotics to improve our home environment and personalize or privatize it using sensors, data analysis and communication channels such as bluetooth, ZigBee and WiFi. Users will be able to control it all from their smartphone as well as get alerts and messages.

Unmanned aerial vehicle maker announces first close on its $800,000 mezzanine offering


SkySpecs LLC successfully placed 38% of its $800,000 non-brokered mezzanine offering with eight investors as part of a funding agreement signed last month. The company expects to raise an additional $495,000 to close the offering within a year. This is the first known offering initiated by the company on the US private placement market. The mezzanine offering’s expected net proceeds will amount to $772,000 which excludes $28,000 to be paid toward officers’ salaries.

The company builds remote controlled aircrafts specifically designed for infrastructure monitoring and aerial data collection. The aerial devices can capture footage in hard-to-reach places such as sewers or below bridges, making monitoring and maintenance easier and less costly. The company is the recipient of a $10,000 Invenergy Renewable Energy prize.

The company, headquartered in Ann Harbor MI, was founded in 2012 and is led by Daniel Ellis (Founder and CEO).
The executive team includes Thomas “Tom” Brady (Founder and CFO), Samuel DeBruin (Founder and COO), Ryan Morton (CTO) and Patrick Senatore (Engineering Programs Director).

Offering recap:
Status: First close
Company: SkySpecs LLC
Industry: Other Technology
Amount offered: $800,000
Amount placed: $305,000

Stealth robotics company, Leeo, raises $625,000 via an equity offering


Leeo, Inc., headquartered in Palo Alto, CA placed 96% of its $650,000 equity offering among eleven investors. According to information disclosed during its previous equity offering launched in March 2013, twenty-three investors would have invested a staggering…$4.34 each. This brings to $625,100 the total amount of funds raised via equity issuance. The company is currently under the wing of seed capital provider Menlo Atherton Capital, a boutique venture capitalist that funds and provides resources to early stage companies.

As the company is in stealth mode and the offering was filed under industry: “Other”, it is unclear what product or services it will bring to this world. Despite the smoke screen, the product might well be related to the world of robotics, i.e. design, construction, operation, and application of robots, as well as computer systems for their control, sensory feedback, and information processing. It turns out the company is lead by two robotics veterans, Adam Gettings and Eddy Chan who are related to RoboteX, Inc.. Leeo, Inc. recently relocated from Sunnyvale to its current address.

See also the update: Stealth robotics company is developing “environmental” technology

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