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Jennifer Apicella (left) of the PRN and Fady Saad (proper) of Cybernetix Ventures have introduced a strategic partnership. | Source: Pittsburgh Robotics Network
Cybernetix Ventures yesterday introduced a strategic partnership with the Pittsburgh Robotics Network. The early-stage enterprise capital agency mentioned it’s a part of its long-term robotics cluster engagement efforts.
The partnership is a joint initiative to set Pittsburgh’s robotics startups up for achievement, and produce extra of the cluster’s investable robotics alternatives to world markets. The Pittsburgh Robotics Network (PRN) is a nonprofit group devoted to fostering innovation and progress in southwestern Pennsylvania.
“The Pittsburgh Robotics Network is one of the top robotics clusters in the U.S., with a powerhouse team and strong robotics innovators emerging,” acknowledged Fady Saad, founder and basic accomplice of Cybernetix Ventures. “Like our firm, the PRN is focused on markets-driven, actionable, scalable use cases for robotics. We are excited to amplify their efforts and connect the cluster further with the larger investment community.”
Founded in 2021, Cybernetix focuses on robotics, automation, and industrial AI investments. The enterprise capital agency works with robotics clusters around the globe to raise essentially the most promising robotics founders and startups to the worldwide stage.
Cybernetix expands robotics focus
Cybernetix goals to attach the PRN’s startups with the agency’s numerous ecosystem of potential prospects, later-stage buyers, monetary establishments, and acquirers. The firm will be part of forces with the PRN as a Leader Premier Partner to offer recommendation to startups.
“Cybernetix Ventures is a premier investment firm for robotics, and this partnership represents a unique opportunity for not only robotics companies, but for accelerating the commercial adoption of robotics solutions overall,” added Jennifer Apicella, govt director of the PRN.
“Both Cybernetix Ventures and the PRN share a set of aligned values that promise to bring significant benefits to robotics companies on the path to commercialization,” she mentioned. “We admire their unique expertise and understanding of how robotics will directly contribute to the advancement of specific industries, both now and into the future.”
The companions introduced their collaboration on the Agriculture & Robotics Summit, the place the PRN welcomed innovators, buyers, and business to Pittsburgh to discover the way forward for sensible agriculture. Cybernetix, which has targeted on vertical robotics functions in manufacturing, logistics, building, and healthcare since its inception, participated within the occasion as a launchpad for its expanded concentrate on agriculture and local weather robotics.
“The new use cases and overall necessity for robotics innovation in agriculture have accelerated the sector’s investment potential, and we will explore investments in agriculture and climate robotics to add to our solid portfolio,” Saad mentioned.
PRN head to talk on the Robotics Summit
Apicella might be collaborating in a panel dialogue on the 2024 Robotics Summit & Expo, which takes place on May 1 and a couple of on the Boston Convention and Exhibition Center. She might be joined by Stephen M. Muck, govt chairman of Advanced Construction Robotics; Brandon Contino, CEO of Four Growers; and Andy McMillan, chair of the board of administrators at Cirtronics.
During the session, “Paving the Road to Success in Robotics Commercialization,” attendees can learn the way the 4 business leaders have conquered obstacles, scaled operations, and reworked concepts into viable merchandise.
This would be the largest Robotics Summit ever. It will embrace greater than 200 exhibitors, numerous networking alternatives, a Women in Robotics breakfast, a profession truthful, an engineering theater, a startup showcase, and extra! The PRN can also be a sponsor of the Robotics Summit. Registration is now open for the occasion.