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Monday, November 21, 2011

Harvest Automation moves $7.8M funding into coffers

By Michelle Lang

Article updated as of 10:51 a.m., Nov. 22, 2011.


Harvest Automation, the Billerica company making robots to automate manual labor jobs, has added $7.8 million in a Series B funding round.

Entree Capital, a venture capital and private equity firm in London and Tel Aviv, led the funding, with additional backing from return investors Founder Collective, Life Science Partners, Cultivian Ventures and Massachusetts Technology Development Corp.

Harvest Automation develops robots for the agricultural industry.

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 10 years in an operations role at DEKA Research & Development Corp.

Harvest Automation raised $4 million in its Series A funding round in December 2009 from the Massachusetts Technology Development Corporation, Life Sciences Partners and Cultivian Ventures (formerly Midpoint Food and Ag Fund).  It then added another $1.3 million to the round in September 2010 from Founder Collective.

 

 

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