COSY Just Raised $2.35 Million

Pennovation-based robotics startup COSY just raised a $2.35 million seed round by Intel and Chicago-based venture firm GoodPoint 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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