Robotics startup Contoro Robotics has secured 17.5 billion KRW in Series A funding. This investment round was led by Doosan Investment, the corporate venture capital (CVC) arm of Doosan Group, with strategic investments from Amazon Industrial Innovation Fund (AIIF) and Coupang.
Contoro Robotics, founded by a Korean entrepreneur, develops robots for logistics automation and remote control technology for these robots. The founder previously co-founded Harmonic Bionics, a rehabilitation therapy robotics company, which explains why Contoro Robotics’ logistics robot services are rooted in robotics technology owned by Harmonic Bionics.
Contoro Robotics’ exoskeleton can be worn by people to move safely and can also be remotely controlled. While Harmonic Bionics applied this technology to patient rehabilitation and diagnosis, Contoro Robotics has adapted it for logistics applications.
The company previously raised a $7.2 million seed investment in 2023 led by SV Investment, with participation from domestic and international venture capital firms including The University of Texas at Austin Fund, Kakao Ventures, Base Investment, FuturePlay, KB Investment, Mirae Asset Venture Investment, Shinhan Capital, and CJ Investment.
With Amazon and Coupang investing in Contoro Robotics, collaboration between these companies is expected to become more visible in the future.
