Bear Robotics: Raises $81M in Series B Funding

Bear Robotics: Raises $81M in Series B Funding

• Bear Robotics, a Redwood City, CA-based provider of hospitality robotics and artificial intelligence solutions, raised $81M in Series B funding
• The round was led by IMM with participation from Cleveland Avenue and other existing investors
• The company intends to use the funds to accelerate efforts in adding products that complement the increasing need for automation in the hospitality space and expand its reach into the markets around the world
• BearRobotics provides hospitality robotics and artificial intelligence solutions
• To date, BearRobotics has raised $117M in total funding, including a $32M Series A funding round in January 2020 led by SoftBank