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Contoro Robotics, which seeks to enhance robotic intelligence with AI and teleoperation, introduced in $4.7 million in Seed funding. This spherical follows a pre-seed spherical from 2022 that totaled $1.3 million, and brings the corporate’s complete funding up to now to $6 million.
Contoro’s expertise goals to mix AI with human experience by permitting AI to manage robots in most conditions however having people on standby to intervene when essential. This strategy permits Contoro’s expertise for use in a variety of purposes, wherever from performing easy, easy-to-automate duties to complicated duties that require human judgment.
“We are excited to announce this investment which will allow us to accelerate the deployment of our augmented intelligence technology,” Youngmok Yun, CEO and founding father of Contoro Robotics, stated. “We’re making headway in the logistics domains and we’re confident diverse industries can benefit from our innovative solutions.”
SV Investment led the funding spherical, which additionally included participation from Kakao Ventures, Bass Investment, Future Play, and UT Austin Seed Fund. Contoro’s pre-seed spherical was led by Village Global, which is backed by massive trade names like Bill Gates, Jeff Bezos, and Mark Zuckerberg.
“We believe that Contoro Robotics’ technologies including exoskeleton, haptics, artificial intelligence, [and] teleoperation have the potential to effectively optimize algorithm structures that robot human-like thinks and acts,” Il-Yong Choi, Ph.D., Investor at SV Investment, stated. “It means that Contoro Robotics’ approach can be applied to a lot of ordinary tasks and then accelerate that robot itself can be much more accessible and affordable in our daily lives.”
Contoro’s present focus is on fixing challenges in oversea container unloading for warehouses enterprise. It has a pilot program scheduled to launch in Q3 of 2023. The firm was based in 2022 and is predicated in Austin, TX.