Rethink Robotics Announces $26.6 Million Series D Round of Financing

Credit: Rethink Robotics

Rethink Robotics today announced $26.6 million in Series D financing, led by GE Ventures, with additional participation from Goldman Sachs, both new investors. All of Rethink Robotics’ earlier investors are also participating in the round, including Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, Draper Fisher Jurvetson, and Two Sigma Ventures. The funding will be used to support the company’s continued innovation, growth, and international expansion, and reflects Rethink Robotics’ position as a leader in the emerging market of collaborative robotics. This new investment brings the company’s total funding to more than $100 million since its founding in 2008.

Self-driving concept car from Mercedes-Benz

At the CES 2015 in Las Vegas German Mercedes-Benz presented its self-driving research vehicle F015 Luxury in Motion. By 2030, the number of mega-cities with more than 10 million inhabitants will increase from about 30 to over 40. "The single most important luxury goods of the 21st century are private space and time," says Dr Dieter Zetsche, Chairman of Daimler AG and Head of Mercedes-Benz Cars. "Autonomously driving cars by Mercedes-Benz shall offer exactly that. With the F 015 Luxury in Motion, this revolutionary concept of mobility becomes tangible for the first time." Check out the promo video below.