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.