AlleyCorp Robotics | EOY 2022
December 22, 2022
Hi friends - welcome to the final 2022 edition of our robotics newsletter! This has been a huge year for AlleyCorp Robotics - we launched our fund, invested in six amazing companies, saw our first portfolio markup, held our first NYC Robotics Meetup event, and generally hit the ground running.
Reflecting back on the year - I’m deeply grateful to every founder and team I’ve spoken with. You’re all building companies that will positively change the world - my only regret is that I couldn’t invest in more of you! AlleyCorp RoboticsV couldn’t exist without amazing entrepreneurs building important and impactful companies - thank you for everything you do.
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So - to all of you amazing folks - happy holidays & happy New Year! Enjoy 🤖💲📈!
PS - if you want a better formatted version of this, hop over here. We're still working out the best platform for publishing these.
AlleyCorp Robotics fund update
I’ll close out 2022 with a few highlights from our amazing portfolio companies:
aescape - building fully-automated, data-driven massage therapy experiences, and recently announced a $30M Series A led by Valor Equity Partners, following our Seed+ investment last summer. Huge congrats to Eric and the team making it happen!
ARIX Technologies - provides faster, safer, and cheaper corrosion risk management through robotic inspection services and advanced data analytics. AlleyCorp Robotics co-lead their Series A alongside Benson Capital partners. We are proud to support Dianna and team as they continue to sell and scale their RaaS solution.
Civ Robotics - with the press of a button and in a fraction of the time, their fleet of CivDot autonomous systems’ revolutionizes infrastructure construction workflow, and has marked millions of points on solar fields, roads and more. AlleyCorp Robotics co-lead Civ’s Seed round alongside ffVC, excited to back co-founders Tom and Liav as they build, ship and scale!
Dexai Robotics - safeguarding access to prepared food, enabling more affordable and sanitary meals through cutting edge robotics and artificial intelligence. AlleyCorp Robotics joined their Seed round, and has been deeply impressed by the tech and sales progress co-founders Dave and Anthony are delivering - with their recent TechCrunch Actuator cameo highlighting their successes.
Earth Force - dedicated to mitigating catastrophic wildfire through vegetation management at scale, enabled by a system built around teleoperations, automation, and sensor packages for forestry equipment. AlleyCorp Robotics co-lead their Seed round alongside Bold Capital Partners and Third Sphere. Justin lead this team from concept to deployed reality in a whirlwind year, and we’re all excited for an even bigger 2023 with commercial sales and continued R&D investment.
Mapless AI - enabling the future of mobility through Dispatch as a Service, building on Philipp and Jeff’s deep expertise in autonomous vehicles and safety systems. AlleyCorp Robotics is proud to back Mapless alongside the folks at E14, and we’ve been excited to see their first pilots deployed at airports this year. We are confident this is the near-term future of driverless vehicles, with a huge opportunity ahead for this team.
Congratulations again to each of these teams, we’re proud to be a part of what you’re building! We spoke with hundreds of founders this year, and can’t help but be impressed by the amazing work you’re all doing in this space. As I keep saying - robotics founders are building and raising funds on hard mode - so almost by definition, none of you are pursuing trivial ideas. With the requirement to deliver value sufficient to cover the CAPEX required in any robotics business - you’re all aiming at problems that matter in the world.
Thanks for supporting us this year,
Abe & the AlleyCorp Robotics Team
(who is also, just, Abe - we’re still hiring!)
PS - read this far and want more? Jump into our Q4'22 newsletter here!
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