Universal Robotics gets $1.035M for automation software
A Tennessee startup called Universal Robotics has raised $1.035 million in a first round of funding, according to a regulatory filing.
The company plans to release its first product — software dubbed Neocortex that will automate industrial robots and forklifts — in 2009, with more automation software to come. Universal Robotics was founded by three brothers, David, Alan and Jon Peters. Alan Peters, the the company’s chief technical officer, is also an Associate Professor of Electrical Engineering with Vanderbilt University’s Intelligent Robotics Laboratory.
Chief executive David Peters declined to comment on the funding.
The filing lists the Peters brothers and Vanderbilt University among the backers. The Nashville Post wrote about the company’s undisclosed angel round back in August.
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