Minneapolis miniature robotics systems maker ReconRobotics is seeking $4.5m in equity and/or debt financing, according to an SEC filing that shows
BrokerBank Securities and Aethlon Capital as agents to the offering.
It’s unclear whether or not the company’s earlier fundraising attempt this year was fruitful, or to what degree. Recon’s key customers are state police and federal military departments who are said to have purchased over 4,000 robots to date.
ReconRobotics received two large scale orders for their tactical robotics last year that totaled nearly $30m, they opened an international office and were recognized as one of the ‘world’s 50 most innovative companies’ by FastCompany.
CEO Alan Bignall was unavailable to discuss current company vitals or specifics of this round.