Cogniteam, a robotics development company that recently launched the Nimbus robotics AI operating platform, has announced the closing of a US$5.6m (£4.5m) series A funding round.
The lasted round comprised of previous investors Seabarn Management, and UK-based Panthera family office members. This funding will enable Cogniteam to boost product development and Nimbus sales further.
Developing a modern robotics system is traditionally a time-consuming process where software engineers yield their development to hardware engineers until they complete the build-out of physical systems needed to meet project specifications, Cogniteam said. This requires the full robotics concept to deployment process to take up to six years. During this time, technological development moves forward, making hardware, software, and control systems obsolete by the time new robots are deployed commercially.
“We reimagined what is possible to accelerate and future-proof robotic development with the Nimbus platform,” said Dr. Yehuda Elmaliach, co-founder & CEO of Cogniteam. “Nimbus’ low-code approach is changing the programming landscape by offering a simulated environment where software developers can thoroughly test their capabilities before the prototype physical robot build-out has been completed.”
Alongside this virtual testing environment, developers can select pre-built software packages from the ROS operating system, NVIDIA’s ISAAC SDK GEMs toolset, and field-tested algorithms that were developed in-house by Cogniteam.
Once mobilised, Nimbus-operated robots are kept up to date throughout the life cycle with the latest software developments and AI learnings through regular Cloud updates and lesson sharing.
These funds will enable Cogniteam to expand sales and support teams to onboard more companies who want to enable their robots with field-tested features.
“We seized the opportunity to increase our investment in Cogniteam following the successful launch of Nimbus and the team’s demonstrated ability to surpass critical milestones,” said lead investor Andrew Owens. “Cogniteam’s proven capabilities have generated exciting demand from the market, which the investors are excited to facilitate.”
In addition to the new round, Cogniteam has been picked to co-lead a US$20m (£16.2m) Human-Robot Interaction (HRI) consortium, funded by the Israeli Innovation Authority. Together with other leading Israeli private and academic institutions, the company will work on verbal and non-verbal communication gestures that robots can use to engage with society as they execute tasks.
In line with its mission of easy adoption of advanced capabilities, Cogniteam will open the consortium’s capabilities to the Nimbus platform for companies to utilise.