{"id":130718,"date":"2021-11-16T21:23:58","date_gmt":"2021-11-17T05:23:58","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/11\/svt-robotics-nabs-25m-to-simplify-industrial-robotics-deployment"},"modified":"2021-11-16T21:23:58","modified_gmt":"2021-11-17T05:23:58","slug":"svt-robotics-nabs-25m-to-simplify-industrial-robotics-deployment","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/11\/svt-robotics-nabs-25m-to-simplify-industrial-robotics-deployment","title":{"rendered":"SVT Robotics nabs $25M to simplify industrial robotics deployment"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/svt-robotics-nabs-25m-to-simplify-industrial-robotics-deployment.jpg\"><\/a><\/p>\n<p><a href=\"https:\/\/www.svtrobotics.com\/\">SVT Robotics<\/a>, a provider of software that orchestrates robots in warehouses and factories, has raised $25 million in series A funding led by Tiger Global with participation from Prologis Ventures, the company announced this morning. SVT says that it\u2019ll use the new capital to bolster its product R&amp;D and expand its customer outreach efforts.<\/p>\n<p>According to cofounder and CEO A.K. Schultz, SVT\u2019s platform helps customers to solve the growing \u201cinteroperability problem\u201d in industrial automation. The industry is severely limited by its capacity to execute, he says. Integrations are typically custom-coded, translating to long, complex development cycles. A recent <a href=\"https:\/\/industrytoday.com\/challenges-born-from-automation-implementation\/\">piece<\/a> in Industry Today finds that factors ranking among the top concerns of manufacturers adopting automation include a lack of experienced workers to operate the machines, high transition expenses, and safety concerns.<\/p>\n<p>\u201cIt\u2019s expensive, and companies wait as much as a year or more for new automation to go live,\u201d Schultz said in a statement. \u201cSolving that problem with [SVT\u2019s platform] empowers the market to grow at its full potential.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SVT Robotics, a provider of software that orchestrates robots in warehouses and factories, has raised $25 million in series A funding led by Tiger Global with participation from Prologis Ventures, the company announced this morning. SVT says that it\u2019ll use the new capital to bolster its product R&amp;D and expand its customer outreach efforts. According [\u2026]<\/p>\n","protected":false},"author":662,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-130718","post","type-post","status-publish","format-standard","hentry","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/130718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=130718"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/130718\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=130718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=130718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=130718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}