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Plus One Robotics, a human-robot collaboration software company headquartered in San Antonio, has announced this week $33 million in Series B funding led by McRock Capital and Translink Capital, with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain and Ironspring Ventures. The company has raised a total of $43.6 million since 2018. We re fortunate to work with customers at the leading edge of warehouse automation who share our values of ‘Robots Work. People Rule. Like our clients, our investors have a global footprint representing Asia and the EU as well as North America. This potent combination sets Plus One on a course to continue growing our international installed base, said co-founder and CEO Erik Nieves in the release.
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Testing at Plus One Robotics
Three years ago when Plus One was just a dozen or so employees working out of a small Port San Antonio office, they were thrilled to announce more than $8 million in Series A funding.
In three years they have more than tripled that with $33 million from many of those same funders and some new ones including BMW.
The company builds vision software for robotic arms. It teaches robots to see.
Those robots pick, pack and and ship items as part of the trend of warehouse automation. In the era of pandemic ecommerce, there’s a lot of things being shipped and a lot of warehouses being built. Their customers want to use automation to ensure they can always meet the demand even through ongoing labor shortages of the high employee-churn industry.
BMW i Ventures invests in Vendia, looking for new way to share data
Home » News » BMW i Ventures invests in Vendia, looking for new way to share data
BMW’s strategic arm, BMW i Ventures, announced a new investment today, this time in a company focused on changing the way corporations share data. Vendia is a new company which has developed a serverless distributed data and code sharing platform, looking to disrupt the way enterprises share data. According to BMW, the innovative platform created by Vendia offers a secure way for corporations to share vast amounts of data.
The big advantage of Vendia is that it also offers fine-tuned controls for the corporations to handle the data while also maintaining a single source of truth for the data across all parties. “The automotive industry relies heavily on partners for flawless execution, and a shared view of data between partners is critical to respond to market changes – such as Covid,” said Kasper Sage, partner at BMW i Ve
BMW i Ventures invests in Verusen to drop supply chain costs
Home » Interesting » BMW i Ventures invests in Verusen to drop supply chain costs
BMW is continuing its strategic investments in key companies, started a few years back, under the BMW i Ventures umbrella. This week, the German company announced a new investment during the Series A financing of Verusen, a company that is aiming to use Artificial Intelligence to drop down the costs and increase the efficiency of supply chains. According to BMW i Ventures and Verusen, the funds will be used to support the further expansion of the latter.