Early-stage robotics, automation, and industrial AI venture capital firm Cybernetix Ventures recently announced a strategic partnership with the Pittsburgh Robotics Network (PRN), as part of the firm’s long-term robotics cluster engagement efforts. The partnership is a joint initiative to set up Pittsburgh’s robotics startups for success, and bring more of the cluster’s investable robotics opportunities to global markets, the firm said.
Founded in 2021, Cybernetix said it works with robotics clusters around the world to elevate robotics founders and startups to the global stage, connecting them to the firm’s ecosystem of potential customers, later stage investors, financial institutions, and acquirers. Cybernetix will join forces with the PRN as a Leader Premier Partner and provide their advisory to its startups.
“The Pittsburgh Robotics Network is one of the top robotics clusters in the U.S., with a powerhouse team and strong robotics innovators emerging,” said Fady Saad, Cybernetix Ventures founder and GP. “Like our firm, the PRN is focused on markets-driven, actionable, scalable use cases for robotics. We are excited to amplify their efforts and connect the cluster further with the larger investment community.”
Cybernetix participated in April Agriculture & Robotics Summit
“This partnership represents a unique opportunity for not only robotics companies, but for accelerating the commercial adoption of robotics solutions overall,” said Jennifer Apicella, PRN executive director. “Both Cybernetix Ventures and the PRN share a set of aligned values that promise to bring significant benefits to robotics companies on the path to commercialization. We admire their unique expertise and understanding of how robotics will directly contribute to the advancement of specific industries, both now and into the future.”
The partnership announcement follows the Agriculture & Robotics Summit, where the PRN welcomed agriculture innovators, investors, and industry to the city to explore the future of smart agriculture. The summit was held in April by the Robotics Factory, Innovation Works, and the PRN.
Cybernetix, which has focused on vertical robotics applications in manufacturing, logistics, construction, and healthcare since its inception, said it participated in the event as a launchpad for their new expanded focus on agriculture and climate robotics.
“The new use cases and overall necessity for robotics innovation in agriculture have accelerated the sector’s investment potential, and we will explore investments in agriculture and climate robotics to add to our solid portfolio,” Saad said . “The work the Pittsburgh Robotics Network is doing to bring the industry’s largest customers together with the brightest minds in robotics is exactly in line with how we like to approach robotics business building at Cybernetix.”
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