Series B Funding Round Announcement
RIOS Intelligent Machines announces successful completion of $13 Million series B funding round
RIOS Raises Series B to Scale the Future of Intelligent Industrial Automation
We’re proud to announce that RIOS has closed a Series B funding round—a major milestone in our mission to transform how industrial work gets done through AI-powered robotics and agentic automation.
This investment accelerates our growth across manufacturing sectors, enabling faster deployment of RIOS intelligent workcells and expanding the reach of our AI Agent platform—built to address labor shortages, eliminate bottlenecks, and drive real-time process optimization in high-variability environments.
Backed by leading investors and strategic partners, RIOS is scaling to meet the demand for smarter, safer, and more adaptive factories—today and into the future.
The factory of the future isn’t on the horizon. It’s on the floor—and RIOS is leading the way.
- Blog
FOR IMMEDIATE RELEASE
Menlo Park, Calif. | March 5, 2024 – RIOS Intelligent Machines, a leader in AI-powered robotics for the manufacturing industry, is excited to announce the successful completion of a $13 million Series B funding round. This significant milestone was co-led by Yamaha Motor Corporation and IAG Capital Partners, marking a continued and strengthened partnership in advancing manufacturing and automation technologies.
Since 2020, Yamaha Motor Corporation has been a steadfast investor in RIOS. Their decision to co-lead this round alongside IAG Capital Partners highlights their confidence in RIOS’s technology, team, and growing customer attraction. With this investment, Yamaha has more than doubled its investment in RIOS, underscoring its firm support of the company’s strategy to move the business forward.
IAG Capital Partners, known for their team of experienced operators and substantial capital resources, also plays a critical role in this partnership. Their expertise in building manufacturing companies will be invaluable as RIOS continues to expand its reach and capabilities. “RIOS’s full production vision, from automation to quality assurance to process improvement to digital twinning, and deep understanding of production needs, positions them well in the world of manufacturing,” said Dennis Sacha, partner at IAG, who led jet engine and P-3 production for six years during his career in the Navy.
Furthermore, RIOS is proud to announce nearly full participation from existing investors, including RIOS’ Series A Lead Investor, Main Sequence, which doubled its pro-rata investment.
This new round of funding will fuel RIOS’s growth in three key industry segments: wood products, beverage distribution, and packaged food products. The company will continue to roll out highly differentiated AI and vision-driven robotics solutions, starting with a groundbreaking product in the lumber and plywood handling sector.
RIOS’s core values emphasize partnering with customers on their automation journey providing reliable and flexible automation solutions. The company is dedicated to empowering clients with real-time insights and control over their AI-powered robotics, surpassing the capabilities of traditional automation systems.
Stay tuned for upcoming product announcements and further details on RIOS’s trajectory in revolutionizing manufacturing automation.
About RIOS Intelligent Machines
RIOS is a pioneering firm in AI-powered robotics and AI-powered vision, focusing on revolutionizing manufacturing and automation processes. With a commitment to innovation and customer partnership, RIOS is at the forefront of delivering automation solutions that enhance production efficiency and control.
About IAG
IAG Capital Partners is a private investment group based in Charleston, South Carolina. The firm seeks investments in early-stage companies and partners with innovative leaders to build companies that will impact our lives and the world. Dennis Sacha, partner at IAG, will be joining the Board at RIOS.
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Contact Information
Lisa Spicer
(818) 914-2579
For more information, visit https://rios.ai/