Plus One Robotics, which makes pc imaginative and prescient software program for robotics in logistics and warehouse settings, raises $33M Collection B, bringing whole raised to $40M+ — San Antonio-based Plus One Robotics at this time introduced a $33 million Collection B. The spherical follows an $8.3 million Collection A introduced.
Plus One, a startup in the field of robotic vision, raises $33 million
Besides its $8.3 million Series A, San Antonio-based Plus One Robotics announced today that it had raised an additional $33 million in the company’s Series B round. The company has raised over $40 million in total funding over the last few years. BMWi Ventures, Kensington Capital Partners and Ironspring Ventures, as well as a number of existing investors, are part of this round, led by McRock Capital and TransLink Ventures.
With its launch in 2016, the company primarily focuses on developing computer vision software for robotics in the warehouse and logistics industry – a category that is growing in popularity as more and more organizations look to automate their back ends. Particularly, the system is designed to be able to be adapted to a wide range of robotic arms and grippers, which can fulfill a wide range of needs for the end user.
In order to keep up with the rapid growth in the demand for robotics, the company plans to utilize the new funding to expand operations internationally. As well as being able to control up to 50 robots simultaneously, the system also provides group management capabilities.
“We look forward to growing with our clients both here in the United States as well as abroad. Similarly to our clients, we have investors who represent Asia, the EU, and North America as well as our clients,” Erik Nieves, CEO and co-founder of the company, said in a press release that accompanied the announcement. Plus One will be able to continue to grow our international client base with the help of this powerful combination.”
As part of the round, Whitney Rockley, a partner at McRock Capital, and Toshi Otani from TransLink will join Plus One’s board of directors.