Heartland Robotics Closes $7 Million in Series A-1 Funding

CAMBRIDGE, MA, Sep 08 (MARKET WIRE) --
Heartland Robotics, Inc. today announced it has secured $7 million in
Series A-1 funding, led by Charles River Ventures. The new funding comes
less than one year after the company, which develops robots to increase
productivity and efficiency in manufacturing environments, closed Series
A funding of $5 million from Bezos Expeditions -- which also participated
in the current round -- and BrooksLab, LLC.

Rodney Brooks, Heartland Robotics' Founder, Chairman and Chief Technical
Officer, is also a co-Founder of iRobot Corporation (NASDAQ: IRBT) and the
former Director of the MIT Computer Science & Artificial Intelligence
Laboratory. Dr. Brooks founded Heartland Robotics in July 2008 with a
vision to reinvigorate American manufacturing: "Our robots will help
revitalize this important sector of the economy by offering efficiencies
and versatility where traditional industrial robotic solutions are cost
prohibitive or insufficiently flexible."

Patrick Sobalvarro, Heartland Robotics' President, spoke to the
opportunity the additional funding will bring to the development of the
company's products, "We're very pleased to have brought on a set of
world-class, experienced investors who bring strategic insight to the
table. We're looking forward to working with them as we develop our
product, build the company, and prepare to go to market."

Devdutt Yellurkar, a partner at lead investor Charles River Ventures,
said, "Heartland is on to a very big idea that has the potential to
revolutionize how we think about and approach manufacturing in the U.S.
Rodney and his team have unmatched expertise in robotics and are
pioneering a new concept that will make an enormous impact not just on
the manufacturing industry but our entire economy."

Contact Info:
Patrick Sobalvarro
President
Heartland Robotics, Inc.
Email Contact

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