120ft raises angel funding to build autonomous microfactories run by humanoid robots

120ft raises angel funding to build autonomous microfactories run by humanoid robots

Swedish robotics startup 120ft Factory AB launched today with 576,000 euros ($644,000) in new funding from 22 angel investors to build autonomous microfactories run by humanoid robots.

120ft builds and operates small factories that fit inside three 40-foot shipping containers, and the combined length of those containers gives the company its name. Customers never buy a robot. Brands pay for each finished product and keep their existing component…