Award-winning industrial robotics company Soft Robotics closed $20 million in an oversubscribed funding round.

Leveraging patented material science and AI algorithms, Soft Robotics designs and builds automation solutions and soft robotic gripping systems that can grasp and manipulate items with the same dexterity as the human hand.

The company says its technology platform has experienced 80% year-over-year revenue growth and production installations since its inception, running 24/7 for Fortune 500 companies and Dow 30 components, including Just Born Quality Confections.