COSY just raised $2.35 million – Safeguard Scientifics News

Written by Roberto Torres of Technical.ly Philly

And proved Pennovation’s concept. Intel and San Francisco-based GreatPoint ventures led the round, with participation from Ben Franklin and Safeguard Scientifics.

Pennovation-based robotics startup COSY just raised a $2.35 million seed round by Intel and San Francisco-based venture firm GreatPoint Ventures, with participation from Safeguard Scientifics and Ben Franklin Technology Partners.

COSY CEO Jonas Cleveland dropped the bombshell at last night’s When Innovation Meets Capital event, hosted by Safeguard and the Penn Center for Innovation. Cleveland, who led the company’s spinout from Penn’s GRASP lab, praised the Penn ecosystem and Philadelphia’s talent pool for their role in the capital raise.

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