Why Ready Robotics moved its HQ from Baltimore to Ohio

Story excerpt provided by Venture Beat. Written by Anna Hensel.

As Baltimore’s Ready Robotics was preparing to raise its first round of funding, the company faced a dilemma familiar to many tech entrepreneurs outside of Silicon Valley: Potential investors wanted to join the round on the condition that the startup move to Silicon Valley.

Ready Robotics ultimately decided to move after raising its round of funding — but not to the Bay Area. In a phone conversation with VentureBeat, CEO Benjamin Gibbs revealed that the company closed a previously undisclosed $15 million first round in December and is in the process of moving its headquarters from Baltimore to Columbus, Ohio.

The round was led by Drive Capital, a venture capital firm that’s also based in Columbus and managed by former partners of Silicon Valley-based Sequoia Capital. Other participants in the round include RRE Ventures and Eniac Ventures.

Click here to read the complete article. Originally published April 23, 2018.

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