Robotics Startup Sanctuary Signs Deal for Factory Tests, Funds

Humanoid robot-making startup Sanctuary AI has struck a deal with a major auto-parts manufacturer for deployment in its factories and additional equity.

Sanctuary signed the strategic partnership with car-parts maker Magna International Inc., which supplies 58 automakers including BYD Co., Ferrari NV and Volkswagen AG. It didn’t disclose the amount of equity involved, which is a follow on from a previous investment.