Monday, November 10, 2008

Evolution Robotics Scores $13.88M

Pasadena-based robotics technology firm Evolution Robotics has scored another $13.88M in venture funding, the firm disclose today. Evolution Robotics said the funding was led by CMEA Ventures, and also included Vodafone Ventures, Idealab, and the Quercus Trust. Faysal Sohail of CMEA will join the firm's board along with the funding. Evolution Robotics develops technology for the robotics market, including image recognition, navigation systems, and other control software. The company's software is being used for both research and instructional use in universities, and is also being licensed by other firms for commercial use. More information »

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