STANDARD BOTS RAISES $200M TO BOOST US ROBOT MANUFACTURING
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Standard Bots has secured $200 million in funding to expand domestic production of robotic arms, as the US seeks to compete with China in advanced robotics development.
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Corridor has raised $25M in seed funding to build a health benefits brokerage targeting small and medium-sized businesses. The startup targets a market segment traditional brokerages largely ignore due to lower commission potential.
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The Pentagon has distributed a major drone contract among nine startups, including Eric Schmidt's Perennial, with the requirement that all components be sourced from outside China.
Adaptive, an accounting software provider for construction contractors, secured $30 million in Series B funding led by Tidemark. The round brings the company's total funding to $57 million.