Sarcos, a Salt Lake City-based robotics startup that spun out of Raytheon in 2015, today announced a $30 million Series B investment round led by DIG Investment and Alex. Brown. Microsoft, a previous investor, also participated in the new round.
Sarcos makes robotic systems, including full-body exoskeletons, used by industrial, public safety and military sectors. The company, which says has doubled its workforce in the last year, has 10 of its 100 employees in a Seattle office, where half of its executive team is based, including CEO Ben Wolff, who was previously CEO of Clearwire and president at Eagle River Investments.
The company says it will use the new funding to continue growing its team, expand its production and deliver new products globally.
Sarcos originally launched in 1983 and was acquired by Raytheon in 2007. With the new round, its total funding is now just under $60 million.