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
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
RISE Robotics LinkedIn Company Profile
Social Media
RISE Robotics Company Twitter Account
Company News
RISE Robotics News
Facebook
RISE Robotics on Facebook
YouTube
RISE Robotics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Arron Acosta
  Arron Acosta LinkedIn Profile  Arron Acosta Twitter Account  Arron Acosta News  Arron Acosta on Facebook
VP - Bus. Development
Kyle Dell'Aquila
  Kyle Dell'Aquila LinkedIn Profile  Kyle Dell'Aquila Twitter Account  Kyle Dell'Aquila News  Kyle Dell'Aquila on Facebook
VP - Product Management
Toomas Sepp
  Toomas Sepp LinkedIn Profile  Toomas Sepp Twitter Account  Toomas Sepp News  Toomas Sepp on Facebook
VP - R & D
Blake Sessions
  Blake Sessions LinkedIn Profile  Blake Sessions Twitter Account  Blake Sessions News  Blake Sessions on Facebook


 

 

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Prev: 4/13/2020: Stamus Networks venture capital transaction
Next: 4/13/2020: Pepper venture capital transaction

 

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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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