Plus One Robotics

Machinery : Industrial Robot : Piece Picking

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San Antonio, Texas, United States

VC-A; McRock Capital, Schematic Ventures

Plus One Robotics lives by the mantra, “Robots work. People rule”. That is because the company delivers an unparalleled approach to human-robot collaboration to tackle the challenges of variability and workforce shortages facing warehouses and distribution centers. The team has decades of collective experience developing logistics applications and deploying logistics robots for material handling tasks. Combining this experience with the team’s passion in harnessing the power of human intelligence with AI, improves people’s lives and simply changes the world.

Assembly Line

Plus One Robotics Raises $50 Million in Funding, Led by Scale Venture Partners, to Capitalize on $128 Billion Market Opportunity

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Plus One Robotics, Scale Venture Partners, McRock Capital

Plus One Robotics, a provider of advanced AI vision software and solutions for robotic parcel handling, today announced that it has raised $50M in Series C funding. The round was led by Scale Venture Partners, with Partner Rory O’Driscoll joining the board of directors. Top Tier Capital Partners, Tyche Partners, ROBO Global Ventures, Translink, McRock, and Pritzker Group Venture Capital also participated in the round alongside existing investors, which brings the company’s total funding to date to nearly $100 million. Plus One’s technology helps to alleviate the persistent shortage of manual labor through robotic solutions, dramatically streamlining the parcel picking and depalletizing processes. Plus One deployments perform over one million parcel picks each day in production and currently hold an industry-leading metric of more than half a billion parcel picks globally. With these new funds, Plus One can further increase its capacity and rapidly scale deployment, as well as expand its sales and marketing efforts in North America and internationally.

Read more at Business Wire