Funding News:

By Frank Tobe | August 18, 2013

Neato Robotics – the NJ-based competitor with iRobot’s Roomba vacuum cleaner – raised $14 million in new funding from two VC firms. In 2012, Neato raised $12.2 from two different VC companies.

PrecisionHawk closed an undisclosed-amount of A-round equity funding led by Bob Young (co-founder of Red Hat) and Innovate Indiana, the VC fund of Indiana University. This comes on the heels of May’s rebranding from Winehawk Labs to Precision Hawk and their focus on the collecting, interpreting and handling of the data, not the platform.

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.