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Rewired has $100 million to invest into robots

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We are in a robotics renaissance, with companies everywhere rushing to develop new automation technology. Rewired is the latest to join the race to invest, with a $100 million bankroll.

The approach: Rewired calls itself a "startup studio," meaning that unlike traditional investors who write a check and provide advice as needed, it will take in entrepreneurs and researchers and help them hatch their companies. It will also back early-stage companies that already exist. "In many cases, these scientists have no idea how to commercialize these technologies," Rewired venture partner Santiago Tenorio told Axios.