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Ally Robotics raises USD 4.7 million in a crowdfunding campaign

Restaurant Industry Robotics

Oct 18, 2022

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Restaurant Industry Robotics

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Oct 18, 2022

Ally Robotics raises USD 4.7 million in a crowdfunding campaign

Funding

Ally Robotics, a developer of smart robotic arms, raised USD 4.7 million in seed funding from 2,100 investors via the crowdfunding campaign launched in May.
The company intends to use the funds for product development and to support personnel and general expenses.
Analyst QuickTake: Raising equity through crowdfunding is becoming increasingly popular and also successful in the restaurant industry robotics space. Startups that recently closed such campaigns include robotic boba tea bar Bobacino (August 2022), pizza-making robot developer Piestro (July 2022), kitchen automation company Miso Robotics (November 2021), smoothie-making robotic kiosk developer Blendid ( September 2021), and pasta-making robot developer DaVinci Kitchen (July 2021).

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