Vancouver’s Human In Motion Robotics (HMR) has successfully closed a $10 million Series A financing round with a significant $8 million investment and strategic partnership coming from Beno Holdings, a prominent Korean firm focused on technology investments.
Human In Motion Robotics is renowned for its ground-breaking work in developing state-of-the-art robotic systems that augment human capabilities. Their innovative technologies are designed to enhance human mobility, increase productivity, improve safety, and enable new possibilities across various industries, including manufacturing, logistics, and healthcare.
“We are thrilled to announce this significant investment and strategic partnership with Beno Holdings. The investment marks a major milestone for HMR, providing substantial resources to accelerate research and development efforts, expand production capabilities, and drive market penetration.” Said Dr. Siamak Arzanpour, Co-founder and CEO at HMR.
“This strategic partnership brings together the expertise, networks, and resources of both companies, fostering synergies that will further enhance the advancement and commercialization of cutting-edge robotics solutions.”
Beno Holdings’ decision to invest in HMR is a validation of the company’s innovative solutions and their potential to make a significant impact in various industries. The partnership with Beno Holdings not only provides the financial resources needed for growth but also acknowledges the expertise and vision of the Human In Motion team.
“We are incredibly grateful for the recognition and support from Beno Holdings,” said Dr Edward Park, Co-founder and COO at HMR.
“Their investment and strategic partnership will enable us to accelerate our commercialization efforts and further solidify our position as a leader in the field of robotics. We are excited about the opportunities that lie ahead and the positive impact we can create together. This collaboration represents a major leap forward in our journey to revolutionize exoskeleton technology.”