Relay Robotics Acquires Savioke R&D and Relay Product Line
May 2, 2022
Relay Robotics — a new company formed after acquiring Savioke's R&D and Relay product line — completed a $10.0 million Series A financing led by MK Capital. Michael O'Donnell was named Chairman and CEO and Savioke co‑founder Steve Cousins became CTO as Relay positions its service-robot platform for hospitality, healthcare and commercial real estate customers.
- Buyers
- Relay Robotics, Inc., MK Capital, Seaview Investors, LLC
- Targets
- Savioke (R&D and Relay product line)
- Sellers
- Savioke
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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