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120ft has raised $644K in angel funding to build modular robotic factories that make small-run production viable close to where goods are actually sold.
The company combines robotics, software, and manufacturing so that assembly, inspection, and packing can happen locally rather than at distant plants. Backing the round are Ted Persson, Sophia Bendz, Matthias Dantone, and Sam Baker.
120ft raises angel funding to build autonomous microfactories run by humanoid robots - SiliconANGLE Swedish robotics startup 120ft Factory AB launched today with 576,000 euros ($644,000) in new funding from 22 angel investors to build autonomous microfactories run by humanoid robots.
120ft builds and operates small factories that fit inside three 40-foot shipping containers, and the combined length of those containers gives the company its name. Customers never buy a robot. Brands pay for each finished product and keep their existing component suppliers, which send parts to a 120ft site where robots shared among several customers handle final assembly, inspection and packing.
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Largest funding rounds in Robotics on Signalbase right now.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 |  AIDIN ROBOTICS China | Series b | $15.0B | 2y ago |
| 2 |  AGIBOT China | Seed | $6.0B | 9mo ago |
Companies that recently closed a Angel round.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 |  mirava T眉rkiye Turkey | Angel | $7.5M | today |
| 2 |  Intergo Telecom Cyprus | Angel | $672.2K | 3d ago |
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| 3 |  Figure United States | Unknown | $3.2B | 6mo ago |
| 4 |  Bedestrian United States | Pre-seed | $2.1B | 2y ago |
| 5 |  LG Electronics South Korea | Unknown | $1.8B | 1y ago |
| 3 |
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| 4 |  Hydro Diagnostics Sweden | Angel | $339.0K | 8d ago |
| 5 |  Prozo India | Angel | $173.0K | 12d ago |
Ted Persson
Sophia Bendz
ANGEL
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