5D Robotics Raises $5.5 Million to Expand from Military to Commercial Markets

Published by , February 22, 2016 1:24 am

(SanDiegoUnionTribune) 5D Robotics announced in early February that it raised $5.5 million in seed funding to support its efforts to expand its autonomous navigation technology from military uses to commercial markets. The funding came from unidentified private investors and a strategic partner.  Initially, 5D Robotics plans to use the money for development of commercial products and software for the industrial heavy equipment, mapping and inspection markets. Longer-term, it wants to adapt its navigation and position technology — which is much more precise than GPS — into commercial uses, such as autonomous carts that carry bags in a hotel.
5D Robotics’ CEO David Bruemmer will be speaking at the upcoming RoboUniverse in New York City. 5D Robotics will also be exhibiting at the RoboUniverse conferences in New York City April 11-12 and in San Diego in December.

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