Philadelphia based Exyn Technologies, Inc., announced it has raised new funding to continue growing its autonomous robot systems business.
The $16 million Series A funding round was lead by Centricus, joined by In-Q-Tel, Corecam Family Office, Yamaha Motors Ventures, IP Group Inc., and new investor, Red and Blue Ventures. Exyn has raised $20 million to funding to date.
Exyn develops aerial and ground-based robot systems to autonomously navigate and collect data where maps and GPS systems cannot go. Originating from the GRASP Laboratory at the University of Pennsylvania, Exyn is commercializing core technologies in the area of self-piloting robotics for digitally starved industries with environments that are dangerous and inaccessible to manned technology.
Image credit: Exyn Technologies/PRNewswire