Bezos-Led Funding Round Values Swiss Robot Maker at $100 Million

Robot maker Swiss-Mile is close to receiving a valuation of more than $100 million in a seed funding round backed by Amazon.com Inc. founder Jeff Bezos, according to people familiar with the matter.

Swiss-Mile is set to raise about $20 million from investors including Amazon Industrial Innovation Fund, Bezos Expeditions and HongShan, which was formerly Sequoia Capital China, the people said, declining to be identified because the information is private. Swiss firm Armada Investment, the sole European investor, and existing shareholder Linear Capital also took part in the funding, the people said.

A Swiss-Mile robot.

Source: Swiss-Mile

Zurich-based Swiss-Mile developed ...