From Issue 1752

23rd Oct 2020

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Imperial robotics AI spinout Machenta breaks seed funding record raising £40 million

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Imperial robotics AI spinout Machenta breaks seed funding record raising £40 million

Machenta, an Imperial spinout focused on the field of Instant Robot Learning, has raised £40 million in seed funding, the most ever by a UK robotics startup. This funding round was created by early Spotify backer VC firm Creandum and Union Square Ventures, who have also backed major tech startups

By Cristina Carrillo