SAVAGE, Minn. – Infinity Robotics, a premier robot integrator based in Savage, Minn., announced it has reached its goal of raising $1 million in capital to expand its fast-growing operations. With the capital raised, Infinity has increased its capacity to take on more automation projects through additional staffing and resources.
The capital raise round was closed out in September thanks in large part to Rick Brimacomb and Brimacomb Capital, Hiawatha Bank and the Small Business Administration.
The increase in working capital has allowed Infinity to grow its total sales from around $1 million annually to roughly $10 million. Infinity is anticipating phenomenal growth in the automation market thanks to its relationships with Kawasaki Robotics, Flexiv, Augmentus, Effidence and Universal Robots.
“We have been fortunate to have partners on the cutting edge of robotics and we hope together to make a positive impact on how we improve the human condition through automation,” said Dave Neville, President and Co-founder of Infinity Robotics.
Infinity Robotics designs, and transforms, hardware and software subsystems into comprehensive automation solutions that support its customers business goals. Infinity’s mission is to improve the human condition through robotics and automation and to change the way we live, on and off this planet, in positive ways.
