Denver, Colorado – April 9, 2015 – First Capital Business Development (“First Capital”) (www.firstcapital4tech.com), The Hands-On Accelerator® for emerging growth technologies, announced today that client Gamma 2 Robotics (G2R) has closed a $3.5 million Series A financing. The financing round was led by Foxlink (www.foxlink.com), a Taiwan-based electronics manufacturer with 2014 revenue of $3.0 billion.
This close is consistent with the First Capital 3C System®, within which First Capital embeds highly experienced personnel as Officers and Directors in order to provide: access to capital, customer validation and permanent C-Suite leadership. During its interim management services agreement with First Capital, G2R has now raised over $4.45 million in venture funding. G2R will leverage the new funds to enhance corporate leadership, execute a national product rollout and develop the next generation outdoor version.
“The close of this round of financing is a watershed moment for Gamma 2 Robotics”, stated Gary Graham, First Capital President & CEO and G2R Interim CEO. “That Foxlink is not just an investor but also a strategic partner validates both the technology and its commercial potential. The company is now positioned to meet the substantial demonstrated demand – and begin evolving the very nature of the security industry along the way.”
Added Foxlink Vice President of Business Development Rodney Chiu, “The opportunity for autonomous robots within the integrated security boom is enormous, both in the US and in markets around the world. We believe that Gamma 2 Robotics is the technical leader in this space, and its product is the best positioned to take immediate advantage of prevailing trends. In addition to investing in the company, Foxlink will also fulfill all of its supply chain needs for the China market specifically. We are excited to participate in the current and future growth of G2R.”
Hanhai Investment (www.hanhaiinvestment.com) conducted the due diligence process for Foxlink and the other institutional investors. Silicon Valley-based Donald Yu, Chairman of the Hanhai Investment Committee, will join the G2R Board of Directors. As former CEO of multiple technology manufacturing companies, and with the added experience of taking three of those public via IPO, Donald will be invaluable in guiding the company through production expansion and global rollout.
“G2R has taken a very strategic approach to market, developing their advanced technology to a point of commercialization before seeking outside capital”, said Yu. “In representing the investors, we appreciate that their dollars will be immediately put to work against revenue generation, not in trying to bring an unproven technology to viability.
“Specific to the Vigilant security robot, we believe that it represents a sea change in the security industry, where no longer are human guards burdened with the dull, dirty and dangerous jobs. They can be reallocated to more high-value roles, leaving the robots to do the previous job at a technically superior level, at a fraction of the cost. We see – and are actively pursuing – immediate applications around the world.”
The closing, which occurred on March 31, 2015, is comprised of two scheduled tranches. The first tranche, for $1.6 million, was released on that same date. The second tranche, for $1.9 million, is scheduled to be released within 60 days of that date.
To explore a Vigilant robot pilot program for your business, contact G2R at [email protected].
About Gamma 2 Robotics, Inc. (www.gamma2robotics.com)
Based in Denver, Gamma 2 Robotics (“G2R”) produces intelligent and autonomous robots. After more than five years of development, it has engineered a revolution in commercial security - the “Cybernetic Brain”, artificial intelligence that enables autonomous robots to operate independently and without manual supervision or remote control. G2R robots can detect and immediately report on invaders, fire, smoke, water, suspicious new objects and more. It is the only such product commercially available.
About First Capital Business Development (www.firstcapital4tech.com)
We are The Hands-On Accelerator® for emerging growth technology companies. Although the execution is complex, the proposition is simple – for nearly 20 years we have provided our clients with three solutions vital to their commercial success:
1. Access to capital
2. An enhancement of their customer acquisition process
3. Business leadership, both interim and permanent
Unlike other accelerator platforms, we do not advise from the sidelines – we jump in the game and take an active management role as a true partner to the company. As such we are very rigorous in our client selection process. We only work with disruptive, scalable, commercially-ready technologies…and entrepreneurs who recognize their professional strengths and weaknesses. Over a 6 – 12 month engagement, we monetize an outstanding technology product or service and dramatically increase shareholder value.
CONTACT:
Justin Davis
First Capital Business Development, LLC
303.955.4394