Tech Company Financing Transactions
B Garage Funding Round
Ignite Innovation Fund, Krossroad Partners and LB Investment participated in a $20 million Series A funding round for B Garage. The funding round was announced on 6/29/2023.
Transaction Overview
Company Name
Announced On
6/29/2023
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Proceeds Purpose
B Garage plans to continue enhancing its software solutions with the goal of integrating with its hardware to apply its technology to industries beyond logistics, such as defense and security, according to the company.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
23 Las Colinas Lane 107
San Jose, CA 95119
USA
San Jose, CA 95119
USA
Phone
Undisclosed
Website
Email Address
Overview
B GARAGE was founded in 2017 by two PhD graduates from Stanford University. After having spent 6+ years researching robotics, computer vision, aeronautics, and drone autonomy, the co-founders set their minds on building a future where aerial robots would become an integral part of our daily lives without anyone necessarily piloting them. With that vision, B GARAGE embarked on its journey towards making autonomy affordable to any businesses. The name B GARAGE is an homage to Willow Garage, a widely respected robotics research company that developed an open source Robotics software platform, as well as a celebration of our humble beginning out of a garage. We continue to hustle and work hard as we strive to set the standards for autonomous drones for the enterprise.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Young Kim
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