InGen Dynamics Raises Funding, To Continue To Diversify Application Of A.I And Robotics Technologies

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  • The company said that it has continued to broaden its products by diversifying its targeted industries to include security, education, and healthcare industries, among others.
  • The company said that it believes that it is on track to hit $100 million valuations in 2021
Representational Image (Credits – Piqsels)

InGen Dynamics, a Palo Alto, based Robotics and A.I firm, raised a recent round of funding. It brings the the total funding commitment to $4 million at the most recent valuation of $45 million. Originally, the company focused on creating A.I and robotics products for homes and social use. But, the company said that it has continued to broaden its products by diversifying its targeted industries to include security, education, and healthcare industries, among others.

It said that one of its products is Dynamix, which is a set of reusable components designed using robotics and artificial intelligence technologies. According to the sources available, with enough funds, the company is expected to continue developing and expanding the adoption of Dynamix products and platforms.

Hit $100 million valuations in 2021

The company said that it believes that it is on track to hit $100 million valuations in 2021. The Palo Alto, based A.I and Robotics firm said this after it carried out a round of funding led by Altrium capital, which continued with the momentum of fundraising with the investors of the last round closed in 2019.

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