LOS ANGELES — Sorting Robotics, the leading provider of industrial automation solutions for the cannabis industry, is proud to announce that it has secured $2 million in debt financing from investment groups Kiso Capital and Prospeq. This funding will support Sorting Robotics’ ongoing growth and expansion efforts across the cannabis industry’s value chain.
The debt financing, which consists of $2 million in growth capital, will be allocated towards bolstering inventory to meet the increasing demand for Sorting Robotics’ automation solutions and enhancing the company’s working capital to further accelerate sales and market penetration.
“The debt financing is crucial for Sorting Robotics, providing essential capital that drives our innovation without diluting ownership. It’s a strategic move that ensures our growth and enables continuous technological advancements to meet market needs,” stated Nohtal Partansky, Co-Founder and CEO of Sorting Robotics.
Sorting Robotics has made a name for itself by offering industry-leading automation solutions such as Jiko, the cannabis industry’s first pre-roll infusion robot, Jiko+, a donut-style pre-roll infusion robot, Omni, a desktop vape-cartridge filling machine, and Mayweather, an automated pick & pack robotic arm. Each solution is designed and engineered to streamline processes and improve efficiencies for cannabis operators. The company’s commitment to advancing technological solutions has played a pivotal role in its success, and this latest funding round, with the participation of Kiso Capital and Prospeq, is set to provide a significant boost to its capabilities.
“Sorting Robotics is an innovative company that has a fantastic opportunity to provide products that can change an industry. We are happy to be a part of their journey,” said Damon Doe, Managing Partner at KISO Capital.
Kiso Capital and Prospeq recognize the potential of Sorting Robotics’ innovative automation solutions, which have gained significant traction in the cannabis industry. Their participation in this funding round highlights the confidence in the company’s ability to meet the rising demand for its solutions.
To learn more about Sorting Robotics, please visit SortingRobotics.com
About Sorting Robotics
Sorting Robotics is the premier industrial automation technology company for the cannabis industry. Specializing in robotics, computer vision, and AI technologies, Sorting Robotics helps break through the toughest bottlenecks of cannabis brands and processors utilizing a combination of real-time production data analytics and modern IoT hardware. This proprietary technology has been engineered to help manufacturers and processors grow and scale their operations efficiently, effectively, and profitably.
About Nohtal Partansky
Nohtal Partansky is the Founder and CEO of Sorting Robotics. He is a serial entrepreneur and former NASA-JPL engineer. At NASA-JPL, Nohtal was a cognizant engineer on the MOXIE project; an instrument on the surface of Mars producing oxygen from the Martian atmosphere. After leaving NASA-JPL, Nohtal founded Sorting Robotics with his co-founder, Cassio Dos Santos Jr.
Since the company’s inception, Nohtal has led Sorting Robotics in building innovative equipment for cannabis manufacturers and vertically integrated brands. While building Sorting Robotics, he witnessed firsthand how the lack of automation in the cannabis industry disrupts the value chain and erodes profit margins. Today, Sorting Robotics is working to solve those problems with AI-driven machines deployed across North America.
[…] California-based Sorting Robotics, which produces cannabis sorting machines, obtained a $2 million capital raise to aid in expansion, the company announced this week. […]
[…] California-based Sorting Robotics, which produces cannabis sorting machines, obtained a $2 million capital raise to aid in expansion, the company announced this week. […]