Plus One Robotics, a San Antonio, TX-based provider of vision software for logistics robots, raised $33m in Series B funding.
The round, announced in April 2021, was co-led by McRock Capital and Translink Capital with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain, and Ironspring Ventures and existing investors CEAS, Lerer Hippeau, Pritzker Group Venture Capital and Zebra Ventures among others. In conjunction with the funding, Whitney Rockley of McRock Capital and Toshi Otani of Translink Capital will join the company’s Board of Directors.
The company intends to use the funds for expansion in the US and Europe, as well as continued product development.
Led by CEO and co-founder Erik Nieves, Plus One provides 3D and AI-powered vision software, called PickOne, which works with any robot, gripper, and cloud service to deliver precise hand-eye coordination enabling robots to perform a range of warehouse tasks. Yonder, Plus One’s supervisory software, leverages human intelligence to handle exceptions for the variety of items passing from dock to door. One human, or Crew Chief, can manage up to 50 robots remotely, allowing companies to meet the demands of the 24/7 consumer.
FinSMEs
23/05/2021