# RIOS Intelligent Machines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rios-intelligent-machines

- Industry: Industrial Machinery
- Headquarters: Palo Alto, US
- Website: www.rios.ai
- Total disclosed funding: $35M
- Latest round: Series B (Oct 24, 2023)
- Investors on record: 9

## About

RIOS Intelligent Machines, Inc. is a provider of advanced industrial automation solutions, enhancing operational efficiency through its AI-powered camera and sensor systems designed for various manufacturing environments.RIOS Intelligent Machines, Inc., founded in 2018 in Palo Alto, US, specializes in industrial automation solutions. The company has completed five deals, with its most recent funding round being a Series B on October 24, 2023, raising USD 13.419 mn from investors including Yamaha Motor Ventures, IAG Capital Partners, and Main Sequence Ventures. The current CEO is Bernard Casse, who co-founded the company alongside Clinton Smith and Matt Shaffer. The company has raised a total of USD 13.419 mn, with a current valuation of USD 58.299 mn.RIOS Intelligent Machines, Inc. specializes in advanced industrial automation solutions, primarily through its flagship product, RIOS Agents. These AI-powered camera and sensor systems enhance industrial process control by integrating seamlessly into existing workflows. RIOS Agents continuously monitor production environments, detect inefficiencies, and provide real-time insights for performance optimization. Their applications span various industries, including textiles and metal part fabrication, addressing challenges such as labor shortages and quality control. The company serves a diverse clientele across North America, Europe, and Australia.The revenue model of RIOS Intelligent Machines, Inc. is structured around the provision of its RIOS Agents, which are sold directly to manufacturers and industrial operators. Revenue is generated through sales of RIOS Agents and associated services, including installation and maintenance. Customers typically enter into partnership agreements that create recurring revenue streams through service agreements and potential subscription models for software analytics. Pricing plans are tailored to client requirements and implementation scale, ensuring measurable returns on investment.In October 2023, RIOS Intelligent Machines, Inc. raised USD 13.42 mn in Series B funding to support growth and product development. The company is planning to enhance its product offerings, including the launch of new AI-driven automation tools by mid-2024. RIOS aims to expand its market presence in Asia and South America by 2025, leveraging the recent funding to enter these new geographic regions and accelerate product innovation.

## Funding rounds

- Series B, Oct 24, 2023, $13M — Yamaha Motor Ventures, Main Sequence Ventures, IAG Capital Partners
- Series A, Dec 20, 2021, $22M — Valley Capital Partners, Alumni Ventures Group, Yamaha Motor Ventures, Morpheus Ventures, Grit Ventures, Main Sequence Ventures, Hypertherm Ventures, Orbit Venture Partners

## Investors

- Valley Capital Partners (https://capitalatlas.ai/funds/valley-capital-partners) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A, Series B
- Morpheus Ventures (https://capitalatlas.ai/funds/morpheus-ventures) — Series A
- Grit Ventures — Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A, Series B
- Hypertherm Ventures (https://capitalatlas.ai/funds/hypertherm-ventures) — Series A
- Orbit Venture Partners (https://capitalatlas.ai/funds/orbit-venture-partners) — Series A
- IAG Capital Partners (https://capitalatlas.ai/funds/iag-capital-partners) — Series B