SOURCE: Gamma 2 Robotics

Gamma 2 Robotics

April 09, 2015 16:12 ET

Gamma 2 Robotics Closes $3.5 Million Series A Financing

Foxlink Group Leads Investment to Drive National Rollout of Vigilant Security Robots

DENVER, CO--(Marketwired - Apr 9, 2015) -  Gamma 2 Robotics ("G2R") (www.gamma2robotics.com), developers of the world's first commercially available security robot, announced today that it has closed a $3.5 million Series A financing, led by Foxlink Group (www.foxlink.com), a Taiwan-based electronics manufacturer with 2014 revenue of $3.0 billion. This brings the company's total venture funding in the last nine months to over $4.45 million. G2R will leverage the new funds to enhance corporate leadership, execute a national product rollout and develop the next generation outdoor version.

Gamma 2 Robotics offers businesses and system integrators a security robot that is affordable, reliable and works in a variety of dynamic environments. G2R's advanced Cybernetic Brain with proprietary artificial intelligence empowers Vigilant security robots to learn their environment. The robots reduce operational security costs, enhance reliability of operations and add new services, including mobile video surveillance, temperature and humidity monitoring and detection of intruders, fire, smoke, water, gas, explosive chemicals and more.

"The close of this round of financing is a watershed moment for Gamma 2 Robotics," stated G2R Interim CEO Gary Graham. "That Foxlink is not just an investor but also a strategic partner validates both the technology and its commercial potential. We are now positioned to meet the substantial demonstrated demand -- and begin evolving the very nature of the security industry along the way."

Added Foxlink Vice President of Business Development Rodney Chiu, "The opportunity for autonomous robots within the integrated security boom is enormous, both in the US and in markets around the world. We believe that Gamma 2 Robotics is the technical leader in this space, and its product is the best positioned to take immediate advantage of prevailing trends. In addition to investing in the company, Foxlink will also fulfill all of its supply chain needs for the China market specifically. We are excited to participate in the current and future growth of G2R."

Hanhai Investment (www.hanhaiinvestment.com) conducted the due diligence process for Foxlink and the other institutional investors. Silicon Valley-based Donald Yu, Chairman of the Hanhai Investment Committee, will join the G2R Board of Directors. As former CEO of multiple technology manufacturing companies, and with the added experience of taking three of those public via IPO, Donald will be invaluable in guiding the company through production expansion and global rollout.

"G2R has taken a very strategic approach to market, developing their advanced technology to a point of commercialization before seeking outside capital," said Yu. "In representing the investors, we appreciate that their dollars will be immediately put to work against revenue generation, not in trying to bring an unproven technology to viability.

"Specific to the Vigilant security robot, we believe that it represents a sea change in the security industry, where no longer are human guards burdened with the dull, dirty and dangerous jobs. They can be reallocated to more high-value roles, leaving the robots to do the previous job at a technically superior level, at a fraction of the cost. We see -- and are actively pursuing -- immediate applications around the world."

The closing, which occurred on March 31, 2015, is comprised of two scheduled tranches. The first tranche, for $1.6 million, was released on that same date. The second tranche, for $1.9 million, is scheduled to be released within 60 days of that date.

To explore a Vigilant robot pilot program for your business, contact us at info@gamma2robotics.com.

About Gamma 2 Robotics, Inc. (www.gamma2robotics.com)
Based in Denver, Gamma 2 Robotics ("G2R") produces intelligent and autonomous robots. After more than five years of development, it has engineered a revolution in commercial security -- the "Cybernetic Brain," artificial intelligence that enables autonomous robots to operate independently and without manual supervision or remote control. G2R robots can detect and immediately report on invaders, fire, smoke, water, suspicious new objects and more. It is the only such product commercially available.

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