Plus One Robotics Raises $33M in Series B Funding finsmes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finsmes.com Daily Mail and Mail on Sunday newspapers.
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Plus One Robotics has raised $33 million in a Series B funding, with McRock Capital and Translink Capital leading the round. BMW i Ventures, Kensington Capital Partners, Perot Jain, and Ironspring Ventures also participated in the round.
The new funds will directly support Plus One’s expansion in the U.S. and Europe, as well as continued product development.
“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,” says CEO and co-founder Erik Nieves.
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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.
Robotic vision startup Plus One raises $33M yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Robotic vision startup Plus One raises $33M
San Antonio-based Plus One Robotics today announced a $33 million Series B. The round follows an $8.3 million Series A announced in 2018 and brings the company’s total funding to north of $40 million. The round, led by McRock Capital and TransLink Ventures, features BMWi Ventures, Kensington Capital Partners and Ironspring Ventures, along with existing investors.
Launched in 2016, the company is primarily focused on computer vision software for robotics in logistics and warehouse settings clearly a hot category as more companies look to automate their back end. Specifically, the system is designed to be adaptable to a wide range of robotic arms and grippers, which tend to fill different needs for the end user.