SoftBank invests in robotics company behind NYC Covid-19 testing

The robotics startup that helped make New York City’s Covid-19 testing process faster and affordable received an RM837.6mil investment from SoftBank. — REUTERS

SoftBank Group Corp. is leading a US$200mil (RM837.6mil) investment in a robotics startup that helped spur New York City’s Covid testing process, boosting the company’s value to US$1.8bil (RM7.54bil).

Opentrons Labworks Inc. was founded in Brooklyn in 2013 and was valued at US$90mil (RM376.92mil) only a year ago. Last summer, the company was instrumental in helping set up New York’s Pandemic Response Lab to alleviate massive testing delays in the city.