Jennifer Apicella (left) of the PRN and Fady Saad (right) of Cybernetix Ventures have announced a strategic partnership. | Source: Pittsburgh Robotics Network
Cybernetix Ventures yesterday announced a strategic partnership with the Pittsburgh Robotics Network. The early-stage venture capital firm said it is part of its long-term robotics cluster engagement efforts.
The partnership is a joint initiative to set Pittsburgh’s robotics startups up for success, and bring more of the cluster’s investable robotics opportunities to global markets. The Pittsburgh Robotics Network (PRN) is a nonprofit organization dedicated to fostering innovation and growth in southwestern Pennsylvania.
“The Pittsburgh Robotics Network is one of the top robotics clusters in the U.S., with a powerhouse team and strong robotics innovators emerging,” stated Fady Saad, founder and general partner of Cybernetix Ventures. “Like our firm, the PRN is focused on markets-driven, actionable, scalable use cases for robotics. We are excited to amplify their efforts and connect the cluster further with the larger investment community.”
Founded in 2021, Cybernetix focuses on robotics, automation, and industrial AI investments. The venture capital firm works with robotics clusters around the world to elevate the most promising robotics founders and startups to the global stage.
Cybernetix expands robotics focus
Cybernetix aims to connect the PRN’s startups with the firm’s diverse ecosystem of potential customers, later-stage investors, financial institutions, and acquirers. The company will join forces with the PRN as a Leader Premier Partner to provide advice to startups.
“Cybernetix Ventures is a premier investment firm for robotics, and this partnership represents a unique opportunity for not only robotics companies, but for accelerating the commercial adoption of robotics solutions overall,” added Jennifer Apicella, executive director of the PRN.
“Both Cybernetix Ventures and the PRN share a set of aligned values that promise to bring significant benefits to robotics companies on the path to commercialization,” she said. “We admire their unique expertise and understanding of how robotics will directly contribute to the advancement of specific industries, both now and into the future.”
The partners announced their collaboration at the Agriculture & Robotics Summit, where the PRN welcomed innovators, investors, and industry to Pittsburgh to explore the future of smart agriculture. Cybernetix, which has focused on vertical robotics applications in manufacturing, logistics, construction, and healthcare since its inception, participated in the event as a launchpad for its expanded focus on agriculture and climate robotics.
“The new use cases and overall necessity for robotics innovation in agriculture have accelerated the sector’s investment potential, and we will explore investments in agriculture and climate robotics to add to our solid portfolio,” Saad said.
PRN head to speak at the Robotics Summit
Apicella will be taking part in a panel discussion at the 2024 Robotics Summit & Expo, which takes place on May 1 and 2 at the Boston Convention and Exhibition Center. She will be joined by Stephen M. Muck, executive chairman of Advanced Construction Robotics; Brandon Contino, CEO of Four Growers; and Andy McMillan, chair of the board of directors at Cirtronics.
During the session, “Paving the Road to Success in Robotics Commercialization,” attendees can learn how the four industry leaders have conquered obstacles, scaled operations, and transformed ideas into viable products.
This will be the largest Robotics Summit ever. It will include more than 200 exhibitors, various networking opportunities, a Women in Robotics breakfast, a career fair, an engineering theater, a startup showcase, and more! The PRN is also a sponsor of the Robotics Summit. Registration is now open for the event.
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