# Diligent Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/diligent-robotics

- Industry: Healthcare IT
- Headquarters: Austin, US
- Website: www.diligentrobots.com
- Total disclosed funding: $72M
- Latest round: Series C (Jun 1, 2023)
- Investors on record: 15

## About

Based in the US, Diligent Robotics, Inc. is a technology company specializing in developing robotic solutions that enhance hospital operations and improve patient care through automation.Diligent Robotics, Inc. was founded in 2017 in Austin, US. The company focuses on developing innovative robotics solutions for the healthcare sector. The founders, Andrea Thomaz and Vivian Chu, have backgrounds in robotics and artificial intelligence. Diligent Robotics has successfully completed a total of 5 funding deals, with the most recent being a Series C round on June 1, 2023, where it raised USD 26.50 mn led by Canaan Partners, along with participation from DNX Ventures, Next Coast Ventures, and True Ventures. This round brings the total amount raised by the company to USD 26.50 mn.Diligent Robotics specializes in developing robotics solutions aimed at enhancing hospital operations and improving patient care. Their core product, Moxi, is an autonomous robot designed to assist healthcare staff by managing routine tasks such as fetching medications, delivering lab results, and transporting supplies within medical facilities. By integrating into clinical workflows, Moxi significantly reduces the time staff spend on non-patient-related activities, allowing them to focus more on care delivery. The robot has been operational in various healthcare settings since its release and is primarily utilized by hospitals, healthcare systems, and clinics in markets including the United States and Europe.Diligent Robotics generates revenue through direct sales and partnerships with healthcare institutions where its products are deployed. The company operates on a transactional model that includes both one-time purchases and potential subscription services for software updates and maintenance. Moxi's pricing structure reflects its advanced technology and integration capabilities, providing hospitals with a valuable return on investment by streamlining operations and increasing staff efficiency. Additionally, Diligent Robotics engages in long-term contracts with healthcare organizations, ensuring consistent revenue streams as Moxi robots are adopted across various facilities.In June 2023, Diligent Robotics, Inc. raised USD 26.50 mn in Series C funding, which the company plans to use to support the nationwide expansion of its Moxi robot in hospitals, improve product development, and increase its market presence threefold. The company aims to launch new products that enhance the functionality of Moxi, targeting expansion into additional healthcare markets across North America and Europe by the end of 2024.

## Funding rounds

- Series C, Jun 1, 2023, $27M — Canaan Partners, True Ventures, DNX Ventures, Next Coast Ventures
- Series B, Apr 11, 2022, $30M — True Ventures, Tiger Global Management, DNX Ventures, E14 Fund, Next Coast Ventures, Gaingels, Ubiquity Ventures, Boom Capital Ventures, Cedars-Sinai Health System
- Series A, Mar 20, 2020, $10M — True Ventures, DNX Ventures, Promus Ventures, E14 Fund, Next Coast Ventures, Gaingels, Grit Ventures, Ubiquity Ventures
- Seed, Oct 1, 2019, $3M — True Ventures, Capital Factory, Pathbreaker Ventures, Next Coast Ventures, Grit Ventures, Ubiquity Ventures, Boom Capital Ventures
- Seed, Jan 10, 2018, $2.1M — True Ventures, Pathbreaker Ventures, Next Coast Ventures, Boom Capital Management

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C
- Pathbreaker Ventures (https://capitalatlas.ai/funds/pathbreaker-ventures) — Seed
- Next Coast Ventures (https://capitalatlas.ai/funds/next-coast-ventures) — Seed, Series A, Series B, Series C
- Boom Capital Management (https://capitalatlas.ai/funds/boom-capital-management) — Seed
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Seed
- Grit Ventures — Seed, Series A
- Ubiquity Ventures (https://capitalatlas.ai/funds/ubiquity-ventures) — Seed, Series A, Series B
- Boom Capital Ventures — Seed, Series B
- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Series A, Series B, Series C
- Promus Ventures (https://capitalatlas.ai/funds/promus-ventures) — Series A
- E14 Fund (https://capitalatlas.ai/funds/e14-fund) — Series A, Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Cedars-Sinai Health System — Series B
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series C