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Friday, January 8, 2010

Robotics startup Harvest Automation pulls in $4M tranche

By Brendan Lynch

Harvest Automation Inc. has raised a $4 millon tranche of a Series A round of funding, according to a company official.

The financing round was led by Life Sciences Partners, an Amsterdam-based firm with offices in Cambridge that focuses on biotechnology and health care, and MidPoint Food & AG fund LP, an Indiana-based firm focusing on the agriculture industry, according to Wade Appelman, Harvest Automation’s vice president of sales and marketing. Life Sciences Partners general partner Fouad Azzam and MidPoint managing partner Andrew Zilokowski will join Harvest’s board of directors. Massachusetts Technology Development Corp. principal Dina Routhier also participated in the round.

The company has about 10 employees, and will be adding engineers, Appelman said.

Harvest is developing robots for materials handling, though it’s still stealthy about specific uses markets. Previous reports have shown Harvest’s robots working in greenhouses. The robots, which the company calls “small agile mobile robots,” are designed to work with humans to “offload harsh manual labor tasks,” Appelman said.

The company was founded by ex-iRobot Corp. employees — Roomba inventors Joseph Jones and Paul Sandin and Roomba engineer Clara Vu — in 2007, under the name QRobotics. The company’s CEO, Charles Grinnell, spent ten years in an operations role at DEKA Research & Development Corp.

The investors were not disclosed in the filing.

 

 

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