Alloy RoboticsRobotics
Alloy Robotics builds robotic systems for industrial automation and manufacturing.
$11.5MSeed
An $11.5M seed for industrial robotics signals Square Peg sees margin in the unglamorous end of automation—not autonomous vehicles or humanoids, but the stuff that actually moves factories today. At this check size, Alloy is likely building a specific vertical solution (palletizing, welding, material handling) rather than a general platform, which means they're betting on depth over breadth. If you're in adjacent hardware or logistics software, this matters: it shows investors will fund robotics plays that solve a concrete $50M+ TAM problem without needing to be a household name.