Categories: Funding

BluHaptics Secures $1.36M in Series A

BluHaptics, a software company that is pioneering new solutions for telerobotics, has secured $1. Series A funding of 36 million This investment is worth more than a million dollars in the recent U Oh, S Government grants that will be used together to support the company’s expansion and launch of its first commercially available product.

The Seattle Angel Fund, a member-directed investment fund focusing on early-stage, growth-oriented enterprises in the Pacific Northwest, led the round with the participation of the Seattle Alliance of Angels.

‘We are as excited about the management team they set up as we are about their groundbreaking technology,’ said Susan Preston, Managing Member of the Seattle Angel Fund. ‘We believe that BluHaptics is well positioned to transform the market for telerobotics ”

BluHaptic scientists have integrated advanced three-core applications
Technologies-real-time modeling, machine learning and haptic feedback-create the next generation of telerobotics software. Featuring a more user-friendly, visual interface, this new system makes it significantly easier for operators to interact with and control remote robots in often hazardous and unpredictable environments.

‘We are meeting with companies in the subsea and space sectors that are particularly impressed by the ease and precision that our interactive software brings to mission-critical tasks,’ explains BluHaptics CEO Don Pickering. ‘Whether robots work deep in the ocean on an oil rig or in space to maintain satellites, our software extends the reach of what robotics can achieve while at the same time enhancing productivity and safety. ”

The robotics market is on the verge of significant growth, with International Data Corporation anticipating that global spending on robotics and related services will reach $135. $4 billion in 2019, up from an estimated $71 billion in global robotics spending in 2015.

Early research and development of BluHaptics technology was supported in part by CoMotion, Washington University’s collaborative innovation hub. Since then, the company has moved to new offices in Seattle’s Fremont neighborhood, with an expanded robotics laboratory, and hired additional software developers and business development professionals.

The full release of the new BluHaptics application for underwater manipulator arms is scheduled for summer 2017.

About BlueHaptics
BluHaptics is building the world’s first commercial software for robotic intervention and manipulation. Headquartered in Seattle, the company is a spin-out of the prestigious University of Washington Applied Physics Laboratory (APL) and the Department of Electrical Engineering. BluHaptic’s team of experts in computer vision and machine learning, interactive UI, control systems, offshore engineering and enterprise applications have built a technology platform that will transform the safety and efficiency of remote robots and platforms. For further information,
Please visit the www site Bluehaptics Come on,

Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/BluHaptics/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co

Arpit Jain

Based in Japan and India. Has led to 1 successful fundraise in Japan. Been working the space of Venture Capital and Private Equity for the last 3 years.

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