New financing for Sewbots developer : vimarsana.com

New financing for Sewbots developer


New financing for Sewbots developer
Company is not taking further orders for its Sewbot system until July 2022.
4th March 2021
Softwear Automation, the Atlanta-based developer of Sewbot technology employing robotics and artificial intelligence to automate the manufacturing of sewn goods, has closed a new $18.1 million Series B financing round through the US Securities and Exchange Commission.
The company is a spin-out from Georgia Tech, its formation following seven years of working on projects with the US Defense Advanced Research Projects Agency (DARPA) and the Walmart Foundation.
The fully autonomous Sewbot is designed to allow localised production and manufacturers to move their supply chains closer to their customers while creating higher quality products at a lower cost.

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