Minerva Raises $10M to Advance Humanoid Robot Technology for High-Risk Industries
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Minerva announced it has raised approximately $10 million in pre-seed funding for its operations. The round was led by General Catalyst and co-led by Long Journey Ventures and Credo Ventures. Minerva uses its purpose-built humanoid robot, Roger, to allow highly trained specialists to perform dangerous tasks in onshore and offshore oil and gas operations and public safety scenarios.
From finanznachrichten.de
Why it matters
The funding allows Minerva to move out of stealth mode and launch its first paid pilots in the fall. The company's work involves building solutions that address operational risks cited by NATO.
From finanznachrichten.de
Who's involved
- MinervaRobotics company developing semi-autonomous humanoid robots for dangerous industrial and public safety applications.
- General CatalystVenture capital firm leading the investment round in Minerva.
- Credo VenturesCzech company co-leading the investment round in Minerva.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MinervaSpeculative
Minerva could leverage the funding to commercialize its core robotics product and expand its paid pilot programs.
- General CatalystSpeculative
General Catalyst could benefit from the successful completion of its investment in Minerva.
- Credo VenturesSpeculative
Credo Ventures could benefit from the successful completion of its investment in Minerva.