U.S. early-stage venture capital firm Alley Robotics Ventures has launched its inaugural fund with $30 million in total commitments.
As part of the deal, the new early-stage venture fund will make investments in early-stage capital for growth and investments over the next few years.
In addition, the vehicle is expected to further back robotics and automation startups across both hardware and software.
To date, Alley Robotics Ventures has made five investments in companies including aescape, Civ Robotics, and Dexai Robotics among others.