Sarcos Robotics raises $40 million to develop an exoskeleton for industrial applications
September 1, 2020
Sarcos Robotics, a startup developing robots for industrial and defense applications, today nabbed $40 million in equity financing, bringing its total venture capital raised to nearly $100 million. The company plans to use the capital to commercialize its first full-body, self-powered product — the Guardian XO — ahead of an anticipated 2021 ship date.
According to a 2020 Grand View Research…