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Singapore robotics startup gets funding from Singtel and Temasek unit

Nov 10, 2018 by The Passage Team
Singapore robotics startup gets funding from Singtel and Temasek unit

Five-year-old Sesto Robotics has announced it has pocketed US$2.9 million series A funding to help it conceive new robots and expand its reach beyond clients in Singapore and China.

Built in Singapore, the robots are designed to automate traditionally labor-intensive material handling processes in factories, according to a spokesperson.

The funding from Singtel Innov8 and Temasek subsidiary Heliconia Capital Management, involves Sesto being spun out from its parent company Hope Technik, the Singapore firm that makes an array of industrial and commercial equipment, including emergency response vehicles for the Singapore Civil Defence Force, drones, and exoskeletons.

Source: TECHINASIA

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