San Antonio-based Plus One Robotics as we speak introduced a $33 million Series B. The spherical follows an $8.3 million Collection A introduced in 2018 and brings the corporate’s complete funding to north of $40 million. The spherical, led by McRock Capital and TransLink Ventures, options BMWi Ventures, Kensington Capital Companions and Ironspring Ventures, together with present buyers.
Launched in 2016, the corporate is primarily targeted on laptop imaginative and prescient software program for robotics in logistics and warehouse settings — clearly a scorching class as extra corporations look to automate their again finish. Particularly, the system is designed to be adaptable to a variety of robotic arms and grippers, which are inclined to fill completely different wants for the tip consumer.
The corporate plans to make use of the funding to increase operations internationally to maintain up with the accelerated demand for robotics. The system additionally permits for group administration, controlling as much as 50 robots without delay.
“We’re excited to develop alongside our purchasers right here and overseas. Like our purchasers, our buyers have a world footprint representing Asia and the EU in addition to North America,” CEO and co-founder Erik Nieves mentioned in a launch tied to the information. “This potent mixture units Plus One on a course to proceed rising our worldwide put in base.”
The spherical additionally finds Whitney Rockley of McRock Capital and Toshi Otani of TransLink becoming a member of Plus One’s board.