Posted February 08, 2021
Softwear Automation reported closing an $18.1 million Series B round in a Feb. 1 U.S. Securities and Exchange Commission filing.
The Atlanta startup, founded in 2012, uses robotics and artificial intelligence to automate the manufacturing of sewn goods.
The startup began raising for the round in 2019, according to the filing. That year, it reported closing about $12 million. The Series B was led by Lear Corporation with participation from CTW Venture Partners, which is managed by Softwear Automation CEO Palaniswamy "Raj" Rajan, SRI Capital and MacDonald Ventures.
Atlanta's Silicon Road, and Monta Vista Capital also invest in the company.
Softwear Automation uses sewing robots, or SewBots, to make it cost efficient to manufacture textiles, such as clothing, towels and footwear, anywhere in the world. According to its website, the company isn't taking orders for the robots until July 2022.