Cypress Growth Capital Invests In PickNik Robotics
We are pleased to announce our investment in PickNik Robotics, an advanced robotic software and services provider specializing in motion planning, control and perception for non-industrial robotic systems
Headquartered in Boulder, Colorado and founded in 2015, PickNik serves a wide range of industries, including aerospace, manufacturing, agriculture, defense and logistics. The company is a leader in developing sophisticated software that operates effectively in unstructured environments such as space stations, disaster zones, underwater and agriculture. Picknik’s flagship software platform, MoveIt Studio, leverages years of experience developing open-source robotics applications and improves the way operators plan and execute robotic tasks, enhancing their precision and efficiency.
"We were impressed with the number of high-caliber companies Cypress has invested in over the past decade, including many here in Colorado, and the different ways they've benefited from Cypress' collective experience," said Dave Coleman, Co-founder and CEO. “In addition, their non-dilutive capital allows us to preserve control of our direction and our valuable equity, both of which are important as we move aggressively to grow our MoveIt Studio software platform.”
“Cypress’ non-dilutive growth capital allows us to preserve control of our direction and our valuable equity, both of which are important as we aggressively expand our SaaS platform.”
- Dave Coleman, Founder and CEO PickNik Robotics
Cypress Partner Pat McCaffrey explained why Cypress chose to invest in PickNik: “As use cases for robotics applications become more complex, PickNik’s expertise and track record of solving the most difficult robotics problems is highly differentiated in this $230B market. With MoveIt Studio, PickNik is able to leverage that experience and deliver it to an even broader customer base.”
Cypress’ capital will be used to continue to enhance MoveIt Studio and accelerate growth in sales and marketing.