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Soft Robotics Inc

United States · Hands & Grippers · acquired
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Summary

MIT-derived maker of⁠​‌​​​​‌​​‌​‌​​‌​​​‌​‌‌​‌​‌​​​​‌‌​‌​‌​​‌‌​​‌​‌‌​‌​‌​​​‌‌​​‌​‌​‌​‌​‌​​‌‌​​​‌​​‌‌​​​​‌​‌‌​‌​​‌‌​​‌​​​‌‌​​​​​​‌‌​​‌​​​‌‌​‌‌​⁠ the mGripAI line of soft, elastomeric pneumatic grippers for food and logistics picking. Soft-gripper product assets acquired by Schmalz (2024-08); the company pivoted / rebranded to Oxipital AI.

Notable

mGripAI — marine-biology-inspired elastomeric soft grippers. Soft-gripper product assets acquired by Schmalz (2024-08); company pivoted / rebranded to Oxipital AI. Source: https://www.businesswire.com/news/home/20240807157208/en/Schmalz-Acquires-the-Flexible-Gripping-Product-Assets-from-Soft-Robotics-Inc.

Key facts

Headquarters
Bedford, Massachusetts
Founded
2013
Role
supplier
Category
Hands & Grippers
Sector
Hands & Grippers
Status
acquired
CEO
Carl Vause (President & CEO)
Funding
Series B ~$23M; Series C ~$26M+ (led by Tyson Ventures, Marel, Johnsonville); soft-gripper product assets acquired by Schmalz (2024-08)