Avalon SteriTech Raises US$9M in Pre-Series A Funding to Accelerate its Overseas Expansion and Product Development
Avalon SteriTech today announced the close of a US$9 million funding in Pre-Series A round. This round initiated in April this year was participated by SoftBank Robotics Group Corp., the global leader in robotics solutions as well as Cyberport Macro Fund and a few individual angel investors
SoftBank Robotics Group Makes Strategic Equity Investment in Avalon SteriTech Strive to Empower Public Health with Disinfection Robotics Solution in Post-Pandemic Era
SoftBank Robotics Group Corp. ("SBRG") today announced its strategic equity investment in Avalon SteriTech ("Avalon"), marks a great step forward in strengthening the companies' collaboration since its joint venture was established in March 2021. Upon the completion of the transaction, SBRG will own approximately 5% stake in Avalon's disinfection business.
Avalon SteriTech and SoftBank Robotics Group Launch New Joint Venture to Develop and Promote Innovative Public Healthcare and Hygiene Solutions
Avalon SteriTech and SoftBank Robotics announced a joint venture focusing on the development of innovative products and technologies that strive to empower and benefit public health and well-being