Yamaha Motor Corporation and IAG Capital Partners Propel RIOS’s Vision, Investment Allocated to Industry Expansion and Groundbreaking Products.
In a landmark development, RIOS Intelligent Machines, a trailblazer in AI-powered robotics since its inception in 2018, has successfully concluded a $13 million Series B funding round. Yamaha Motor Corporation, a consistent supporter since 2020, and IAG Capital Partners have jointly led this funding, reaffirming their belief in RIOS’s potential to redefine manufacturing technology.
This news follows RIOS’s notable Series A funding, where the company raised an impressive $8 million, with significant contributions from Main Sequence, the Series A Lead Investor. Yamaha’s decision to co-lead the Series B funding with IAG not only reflects a continued partnership but also highlights their increased investment, showcasing confidence in RIOS’s strategic direction.
Dennis Sacha, partner at IAG, commended the startup’s comprehensive production vision, positioning the company as a key player in the manufacturing landscape. The participation of existing investors, including Main Sequence, underscores the enduring support for RIOS’s journey.
The $13 million injection of funds is strategically allocated to fuel RIOS’s growth in three key industry segments: wood products, beverage distribution, and packaged food products. The company aims to introduce groundbreaking AI and vision-driven robotics solutions, starting with a revolutionary product in the lumber and plywood handling sector.
RIOS’s commitment to client collaboration remains paramount, emphasizing flexible and reliable automation solutions. The funding will empower RIOS to deliver cutting-edge AI-powered robotics, surpassing traditional automation capabilities and providing clients with real-time insights and control.
