US-based robotics digitalisation technology developer Ripcord has launched with $9.5m of series A funding from investors including Legend Star, a corporate venturing subsidiary of conglomerate Legend Holdings.
The round was led by venture capital firm Kleiner Perkins Caufield & Byers and included VC firm Lux Capital and angel investor Steve Wozniak.
Ripcord’s robotics technology uses scanning, natural language search technology and records certification to create digital records for items that can be categorised and easily searched.
Alex Fielding, Ripcord’s co-founder and CEO, said: “Ripcord disrupts the industry by building robots to automate what has been, until now, an inefficient and error-prone process.
“There will be no more holding records hostage in massive warehouses or nickel-and-diming customers at every step in the digitisation process. Scanning, indexing, storing in the cloud, connecting to other enterprise applications…these things should be seamless and priced inclusively. And now they are.”