Chang Robotics Fund Deploys Initial Capital to Boost U.S. Manufacturing
The Chang Robotics Fund has announced its first round of capital deployment, investing in five U.S.-based companies to enhance manufacturing and automation, according to Global Newswire. This marks the fund's initial step in its mission to revitalize American manufacturing.
The inaugural cohort, known as 'The First Five,' includes Kodiak Technologies, Curabotics, Green Corridors, GO-Eco, and OXOS Medical. Each of these companies is contributing to advancements in sectors such as construction, healthcare, and sustainability. Kodiak Technologies, for instance, has developed an electric snow removal vehicle that doubles as a mobile power plant, while Curabotics focuses on robotics solutions to improve hospital efficiency.
The fund, founded by Matthew Chang, aims to raise $50 million to invest in at least 15 companies. This initial capital deployment is a significant step towards achieving that goal, with the fund remaining open to additional accredited investors. The Chang Robotics Fund is committed to supporting innovations that promise to transform American industry.
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