What does RISE Robotics do?
RISE Robotics develops innovative electric linear actuation solutions that provide a fuel-saving, efficient alternative to traditional hydraulic cylinders for medium and heavy-duty applications.
How much did they raise?
The company raised $1.5M in a Seed round, with Syndicate Lead Walter Winshall leading the investment and participation from KingsCrowd Capital, MIT The Engine, Fortistar Capital, and Techstars.
What are their plans for the money?
With the new funds, RISE Robotics aims to expand its operations and further its development efforts, potentially enhancing productivity and contributing to significant fuel and emissions reductions in heavy machinery.
What have they achieved so far?
The company has already showcased its Beltdraulic product—a high-efficiency solution that not only competes with hydraulic cylinders but also improves machine life and productivity.
