The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
    • Security
  • Financial
    • Investments
    • Mergers & Acquisitions
    • Earnings
  • Resources
    • Careers
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50 Winners 2022
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
    • Leave a voicemail

SVT Robotics raises $25M in Series A funding

By Brianna Wessling | November 20, 2021

Listen to this article
Voiced by Amazon Polly
SOFTBOT visual representation

SVT Robotics’ SOFTBOT platform is intended to make the process of automating simpler and faster.

SVT Robotics has raised $25 million in Series A funding. SVT’s SOFTBOT platform is designed to enable rapid integration and deployment of industrial robotics. SVT’s funding came from Tiger Global, with participation from Prologis Ventures.

SVT was founded in 2018 and launches its platform in 2020. SVT’s technology-agnostic SOFTBOT platform is aiming to solve the interoperability problem. The platform is built using what the company calls “SOFTBOTS.” Each SOFTBOT is like a microservice representing an integration to either software or hardware or business logic that manages those technologies and ensures they work in concert.

According to SVT, SOFTBOTs can be built, maintained or changed without custom code and without retooling the rest of the system. This could result in faster deployment of robotics systems.

SVT will use the new funding to further advance its SOFTBOT Platform and capabilities. SVT said there is a need for rapid automation deployments and management of technologies from disparate supplier.

“The demand for industrial automation is even higher, but industry growth has been limited by capacity to execute,” said A.K. Schultz, co-founder and CEO of SVT Robotics. “Integrations are typically all custom coded, meaning long development cycles. It’s expensive, and companies wait as much as a year or more for new automation to go live.”

In June 2021, SVT announced a new SOFTBOT platform connector with RightHand Robotics. The two companies worked together to develop the pre-built connector between SVT’s SOFTBOT Platform and the RightPick 3 item-handling robot system.

Tiger Global, an American investment firm, contributed to Nuro’s $600 million in Series D funding earlier this month. In September 2021, it invested $50 million in Locus Robotics, a leading producer of autonomous mobile robots.

About The Author

Brianna Wessling

Brianna Wessling is an Associate Editor, Robotics, WTWH Media. She joined WTWH Media in November 2021, and is a recent graduate from the University of Kansas. She can be reached at [email protected]

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

GreyOrange is ready to grow with $110M funding round
Eureka Robotics brings in $4.5M in pre-Series A funding
Dusty Robotics raises $45M Series B round
flexx reference
Flexxbotics brings in $2.9M in Series A funding

2021 Robotics Handbook

The Robot Report Listing Database

Latest Robotics News

Robot Report Podcast

Robotics Summit 2022 recap
See More >

Sponsored Content

  • Meet Trey, the autonomous trailer (un)loading forklift
  • Kinova Robotics launches Link 6, the first Canadian industrial collaborative robot
  • Torque sensors help make human/robot collaborations safer for workers
  • Roller screws unlock peak performance in robotic applications
  • Making the ROS development cycle manageable

RBR50 Innovation Awards

Leave us a voicemail

The Robot Report
  • Mobile Robot Guide
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Business Review
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Advertising
  • Contact Us

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
    • Security
  • Financial
    • Investments
    • Mergers & Acquisitions
    • Earnings
  • Resources
    • Careers
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50 Winners 2022
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
    • Leave a voicemail