萝莉视频

secured $40 million in an oversubscribed Series C financing round Tuesday.

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The Salt Lake City-based company produces robots that augment humans to enhance productivity and safety.

led the round, which included most of the company鈥檚 existing investors, such as , the company said in a written release. With the new funding, the company has of $96.1 million in venture-backed investments since being founded in 1983, according to 萝莉视频 data. Prior to this investment, Sarcos last closed on a round in 2018.

In addition to the investment, Rotor Capital Partner , and Schlumberger鈥檚 Cecilia Prieto, division vice president Americas land, joined Sarcos鈥� board of directors.

The new funding will be used to begin commercial production of Sarcos鈥�, which has been under development for more than 20 years. The company touts it as 鈥渢he world鈥檚 first full-body, battery-powered wearable industrial robot designed to increase strength and endurance.鈥� The commercial release of the new exoskeleton is slated for 2021, the company said.

鈥淭his new funding will allow us to achieve our next goal of scaling production and shipping commercial units of the Guardian XO exoskeleton,鈥� said , Sarcos chairman and CEO, in a written statement. 鈥淚n addition, we will also advance the development of our 鈥榮mart鈥� version of the Guardian XO exoskeleton with our Cybernetic Training for Autonomous Robots artificial intelligence platform, which will enable the robot to augment the operator鈥檚 precision and skill to complete specific tasks.鈥�

Video and feature photo courtesy of Sarcos Robotics
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