# Refraction AI

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

- Industry: Industrial Machinery
- Headquarters: Ann Arbor, US
- Website: www.refraction.ai
- Total disclosed funding: $4.2M
- Latest round: Seed (Mar 2, 2022)
- Investors on record: 6

## About

Based in Michigan, US, and founded in 2017 by Matthew Johnson-Roberson and Ram Vasudevan, Refraction AI, Inc. operates as the developer of a semi-autonomous robotic platform for safe delivery of goods in urban areas. As of April 2023, Luke Schneider serves as the CEO of the company. In March 2021, Refraction AI, Inc. raised USD 4.2 million in seed funding from Pillar Companies, including Alumni Ventures Group, Invest Michigan, Osage Venture Partners, eLab Ventures, and Trucks Venture Capital.

The company develops the REV-1, an autonomous delivery robot that is lightweight and low-powered. The firm's autonomous robots pick up things from restaurants, pharmacies, and grocery shops and deliver them directly to consumers' doorsteps. Refraction's robots are built to operate in all-weather situations, with an advanced autonomy stack optimised for winters and summers and can operate in both car and bike lanes.

## Funding rounds

- Seed, Mar 2, 2022 — ELab Ventures, Alumni Ventures Group, Trucks Venture Capital, Pillar, Osage Venture Partners
- Seed, Mar 8, 2021, $4.2M — ELab Ventures, Alumni Ventures Group, Trucks Venture Capital, Pillar, Invest Michigan, Osage Venture Partners

## Investors

- ELab Ventures (https://capitalatlas.ai/funds/elab-ventures) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Trucks Venture Capital (https://capitalatlas.ai/funds/trucks-venture-capital) — Seed
- Pillar (https://capitalatlas.ai/funds/pillar) — Seed
- Invest Michigan (https://capitalatlas.ai/funds/invest-michigan) — Seed
- Osage Venture Partners (https://capitalatlas.ai/funds/osage-venture-partners) — Seed