Rios Intelligent Machines, headquartered in Menlo Park, CA, a leading company specializing in AI-driven robotics for the manufacturing sector, has successfully raised $13 million in Series B funding.

The funding round was spearheaded by Yamaha Motor Corporation and IAG Capital Partners, along with contributions from existing investors like Main Sequence, who have doubled down on their support for the company.

With this substantial investment, Rios aims to expedite its expansion across three vital industry verticals: wood products, beverage distribution, and packaged food products. The company’s focus remains on introducing innovative AI and vision-based robotics solutions, initially targeting the lumber and plywood handling segment.

Yamaha Motor Corporation’s continued involvement underscores its confidence in Rios’s technological advancements and its dedication to reshaping manufacturing processes. IAG Capital Partners, renowned for its expertise and capital backing, further strengthens this partnership, bringing valuable operational insights to the table.

Dennis Sacha, a partner at IAG and a former Navy personnel with extensive experience in production, praised Rios for its comprehensive approach to manufacturing automation, highlighting its prowess in automation, quality assurance, process enhancement, and digital twinning.

Additionally, Rios expresses its gratitude for the unwavering support from existing investors, particularly Main Sequence, which has reaffirmed its commitment by doubling its investment in this round.

This fresh infusion of capital will fuel Rios’s mission to empower manufacturers with real-time insights and control over their AI-driven robotics, surpassing the limitations of conventional automation systems.

As Rios continues to push the boundaries of manufacturing automation, stakeholders eagerly anticipate upcoming product releases and further advancements in revolutionizing the industry.

For more such insightful news & updates around AI or Automation, explore other articles here. You can also follow us on Twitter.