Tech Company Financing Transactions
RISE Robotics Funding Round
RISE Robotics secured a $3 million funding round on 4/13/2020. Backers included The Engine and private investors.
Transaction Overview
Company Name
Announced On
4/13/2020
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Undisclosed
Investors
The Engine (Lead Investor) (Reed Sturtevant)
Proceeds Purpose
The additional funding will support RISE Robotics' work with a leading forklift manufacturer to accelerate the electrification of its machinery, increasing the performance of the manufacturer's existing electric forklifts and enabling the electrification of its larger scale machinery, which is currently diesel-fueled.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1 Union Sq.
Somerville, MA 02143
USA
Somerville, MA 02143
USA
Phone
Website
Email Address
Overview
RISE Robotics is the leader in high-performance and cost effective electric linear actuation solutions. RISE helps designers embrace high-efficiency, fuel saving actuation solutions that compete with hydraulic cylinders.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arron Acosta
VP - Bus. Development
Kyle Dell'Aquila
VP - Product Management
Toomas Sepp
VP - R & D
Blake Sessions
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We report on funding rounds that are announced publicly. VC transactions reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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