May 9, 2022
Israel-based Cogniteam has announced raising $5.6 million in a Series A funding round, to help expand its Nimbus robotics AI operating platform for robotics developers. The funding was provided by previous investors Seabarn Management (Andrew Owens), and the U.K.-based Pantera family office members.
The company said developing modern robotics is traditionally time-consuming, with software engineers yielding development to hardware engineers until they complete the buildout of physical systems needed to meet project specifications. Because of this, a full robotics concept-to-deployment can take up to six years, which often makes the technology obsolete as hardware, software and control systems advance technologically.
“We reimagined what is possible to accelerate and future-proof robotic development with the Nimbus platform,” said Yehuda Elmaliach, co-founder and 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 the virtual testing environment, developers can select pre-built software packages from the Robot Operating System (ROS), NVIDIA’s ISAAK SDK GEMs toolset, and field-tested algorithms that were developed by Cogniteam’s in-house staff. Once mobilized, Nimbus-operated robots are kept current throughout their lifecycle with the latest software developments and AI learnings through regular cloud updates and lesson sharing, the company said.
The new funding will be used by Cogniteam to expand its sales and support teams to onboard more companies that want to enable 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 Andrew Owens, the lead investor. “Cogniteam’s proven capabilities have generated exciting demand from the market, which the investors are excited to facilitate.”
In addition to the funding, Cogniteam said it has been chosen to co-lead a $20 million human-robot-interaction (HRI) consortium, funded by the Israeli Innovation Authority. Chosen companies and universities are working on verbal and non-verbal communication gestures that robots can use to engage with society as they execute tasks. Cogniteam said it will open the consortium’s capabilities to the Nimbus platform for companies to utilize.
More details on Cogniteam and its Nimbus platform are available here.