April 27, 2021

PlusOneRoboticsFounders400x275Plus One Robotics, which develops vision software for logistics robots, has announced raising $33 million of Series B funding. The funding will be used to support the company’s ongoing expansion in the U.S. and Europe, as well as continued product development to meet rapidly rising customer demand driven by the global boom in e-commerce, the company said in a statement.

The funding round was co-led by McRock Capital and TransLink Ventures, with participation from BMWi Ventures, Kensington Capital Partners, and Ironspring Ventures, as well as existing investors. Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join the company’s board of directors.

The company’s PickOne offering is 3D and AI-powered perception software that works with any robot arm, gripper, and cloud service to deliver precise hand-eye coordination. This enables robots to perform a range of warehouse tasks. In addition, the company’s Yonder robot supervision software leverages human intelligence to handle exceptions for the variety of items passing from dock to door. PlusOne said one human, or “Crew Chief”, can manage up to 50 robots remotely, allowing companies to adopt a “follow-the-sun” model to meet the demands of the 24/7 consumer.

“We’re fortunate to work with customers at the cutting edge of warehouse automation who share our values of ‘Robots Work, People Rule,’ “ said Erik Nieves, CEO and co-founder of Plus One Robotics. “We are excited to grow alongside our clients here and abroad. 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.”

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The company was founded in 2016 with a mission to bring industrial robots to the warehouse. Computer vision and robotics industry veterans helped create its leading-edge 3D and AI vision capabilities for these logistics robots.

“Scaling robotic automation in warehouses is not an ‘AI’ or ‘big data’ challenge, it’s an industrial-grade, systems integration challenge if you want to deploy products globally within the most demanding logistics customers,” said Ty Findley, managing partner at Ironspring Ventures. “Plus One’s team, product suite, and go-to-market approach are tailor-made to take on this challenge, and we are delighted to support it at this important growth stage.”

For more details on Plus One Robotics, head to its website.

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