RIOS Intelligent Machines Completes $13 Million Series B

<p><strong>MENLO PARK<&sol;strong> &&num;8212&semi; RIOS Intelligent Machines&comma; a developer of AI-powered robotics for the manufacturing industry&comma; has announced the successful completion of a &dollar;13 million Series B funding round&period; The funding was co-led by Yamaha Motor Corporation and IAG Capital Partners&comma; marking a continued and strengthened partnership in advancing manufacturing and automation technologies&period;<&sol;p>&NewLine;<p>Since 2020&comma; Yamaha Motor Corporation has been a steadfast investor in RIOS&period; Their decision to co-lead this round alongside IAG Capital Partners highlights their confidence in RIOS&&num;8217&semi;s technology&comma; team&comma; and growing customer attraction&period; With this investment&comma; Yamaha has more than doubled its investment in RIOS&comma; underscoring its firm support of the company’s strategy to move the business forward&period;<&sol;p>&NewLine;<p>IAG Capital Partners&comma; known for their team of experienced operators and substantial capital resources&comma; also plays a critical role in this partnership&period; Their expertise in building manufacturing companies will be invaluable as RIOS continues to expand its reach and capabilities&period; &OpenCurlyDoubleQuote;RIOS&&num;8217&semi;s full production vision&comma; from automation to quality assurance to process improvement to digital twinning&comma; and deep understanding of production needs&comma; positions them well in the world of manufacturing&comma;” said Dennis Sacha&comma; partner at IAG&comma; who led jet engine and P-3 production for six years during his career in the Navy&period;<&sol;p>&NewLine;<p>RIOS is proud to announce nearly full participation from existing investors&comma; including RIOS&&num;8217&semi;s Series A Lead Investor&comma; Main Sequence&comma; which doubled its pro-rata investment&period;<&sol;p>&NewLine;<p>This new round of funding will fuel RIOS&&num;8217&semi;s growth in three key industry segments&colon; wood products&comma; beverage distribution&comma; and packaged food products&period; The company will continue to roll out highly differentiated AI and vision-driven robotics solutions&comma; starting with a groundbreaking product in the lumber and plywood handling sector&period;<&sol;p>&NewLine;