Plus One Raises $50M For Its Parcel Robotics Vision Systems

Mar 07, 2023•over 2 years ago

Amount Raised

$50 Million

San Antonio

Investors

Robo Global VenturesTyche PartnersTop Tier Capital PartnersScale Venture Partners

Description

Another industrial automation firm is bucking VC slowdown, as Plus One Robotics this morning announces a $50 million raise. The Series C brings the San Antonio-based firm’s total funding up to $94 million to date (including a $33 million Series B back in 2021). Scale Venture Partners led the round, which also features participation from Top Tier Capital Partners, Tyche Partners and ROBO Global Ventures.

Company Information

Company

Plus One Robotics

Location

San Antonio, Texas, United States

About

Plus One supports the mission of ‘always-on’ logistics. We mitigate the persistent shortage of manual labor and allow your personnel to flow from monotonous tasks to higher value work. Through the implementation of high performance manipulators with advanced vision capabilities, Plus One robots bridge the gap between steady state volume and surge. Plus One’s novel approach to human/robot collaboration and Supervised Autonomy ensures the systems are scalable, flexible, and fault tolerant.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech