RIOS Intelligent Machines

The new round of funding will fuel its growth in three key industry segments: wood products, beverage distribution, and packaged food products.

The alternative is a robots-as-a-service system that replaces capex with a lease and guaranteed performance levels. Might be worth reading on.

Startup plans to use Series A equity and debt financing to transform labor-intensive factories and warehouses into smart facilities of the future powered by robotics and AI