Israeli Robotics Startup RGo Robotics Sells Technology to Three Companies
Translated & summarized from TheMarker by baba
Israeli robotics startup RGo Robotics has shut down after eight years and $25 million in funding. The company sold its technology licenses to three firms, including agricultural giant John Deere. John Deere hired seven RGo employees and opened a new development center in Israel.
The story in 5 lines · by baba
- RGo Robotics, an Israeli robotics startup, has ceased independent operations.
- The company operated for eight years and raised $25 million in funding.
- RGo Robotics sold its technology licenses through three separate deals.
- Agricultural giant John Deere is one of the companies that acquired the technology.
- John Deere hired seven RGo Robotics employees and opened a development center in Israel.
After eight years in operation and raising $25 million, Israeli robotics startup RGo Robotics has ceased independent operations. The company has sold licenses to its developed technology through three separate deals. Among the acquiring companies is American agricultural equipment giant John Deere, which has hired seven of RGo Robotics' employees and established a new development center in Israel.
RGo Robotics, which focused on developing advanced robotics, concluded its journey after nearly a decade and significant investment.