Tech Company Financing Transactions

CyPhy Works Funding Round

CyPhy Works closed a $22 million Series B financing round on 10/13/2015. Investors included Bessemer Venture Partners, Draper Nexus and General Catalyst Partners.

Transaction Overview

Company Name
CyPhy Works
Announced On
10/13/2015
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series B
Investors

Bessemer Venture Partners (Lead Investor) (Felda Hardymon)

Draper Nexus

General Catalyst Partners (Jashua Kushner)

Lux Capital (Bilal Zuberi)

Motorola Solutions Venture Capital (Paul Steinberg)

UPS Strategic Enterprise Fund

Proceeds Purpose
I'm also very excited to announce that this investment will fuel the commercial launch of our tethered Persistent Aerial Reconnaissance and Communications (PARC) vehicle system. In addition to the launch of PARC, the new investment will fund hiring in the engineering, sales, marketing, and customer support functions.

Company Information

Company Status
Private & Independent
Industry
Robotics
Mailing Address
16C Electronics Ave.
Danvers, MA 01923
USA
Phone
(978) 652-9749
Website
www.cyphyworks.com
Email Address
[email protected]
Overview
We create robots to empower people. Our UAVs expand military, law enforcement, and inspection capabilities through enhanced awareness, endurance, and access.
Profile
CyPhy Works LinkedIn Company Profile
Social Media
CyPhy Works Company Twitter Account
Company News
CyPhy Works News
Facebook
CyPhy Works on Facebook
YouTube
CyPhy Works on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Lance Brook
  Lance Brook LinkedIn Profile  Lance Brook Twitter Account  Lance Brook News  Lance Brook on Facebook
Vice President
Elizabeth Brozena
  Elizabeth Brozena LinkedIn Profile  Elizabeth Brozena Twitter Account  Elizabeth Brozena News  Elizabeth Brozena on Facebook
VP - Bus. Development
Matthew Stevens
  Matthew Stevens LinkedIn Profile  Matthew Stevens Twitter Account  Matthew Stevens News  Matthew Stevens on Facebook
VP - Engineering
Laura Major
  Laura Major LinkedIn Profile  Laura Major Twitter Account  Laura Major News  Laura Major on Facebook
VP - Human Resources
Michelle Burnett
  Michelle Burnett LinkedIn Profile  Michelle Burnett Twitter Account  Michelle Burnett News  Michelle Burnett on Facebook
VP - Manufacturing
Phillip Bedard
  Phillip Bedard LinkedIn Profile  Phillip Bedard Twitter Account  Phillip Bedard News  Phillip Bedard on Facebook

 

 

Browse more venture capital transactions:

Prev: 10/12/2015: Cabify venture capital transaction
Next: 10/13/2015: Wynd venture capital transaction

 

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