July 23, 2019

Fetch Robotics lands $46 million in funding

Fetch Robotics lands $46 million in funding

Series C round will fund research and development, international expansion to meet growing interest in the company's on-demand automation solution, company leaders say.

By DC Velocity Staff

Logistics technology provider Fetch Robotics has raised $46 million in a Series C round of funding and announced plans to use the capital to expand internationally and further develop its automation solutions, the company said today. 

Led by Fort Ross Ventures, the round also included support from CEAS Investments, Redwood Technologies, TransLink Capital, and Zebra Ventures, with participation from the firm's existing investors, as well. The San Jose, Calif.-based company has raised $94 million to date in support of its mobile robots and cloud robotics solution, the company said.

"Customers have responded enthusiastically to our unique Cloud Robotics solution, and we're responding by securing the funds we need to continue growing and enhancing our offerings," CEO Melonee Wise said in a prepared statement. "The competitive pressures for excellence in logistics have never been greater. Our Autonomous Mobile Robots and cloud platform enables our customers to meet their customers' demands while meeting their own financial objectives."

Third-party logistics provider RK Logistics Group and transportation provider Ryder System Inc. are among the large companies that have implemented Fetch Robotics technology recently. Another firm joining their ranks is transportation and logistics solutions provider Universal Logistics Holdings, Inc., which recently deployed the Fetch Cloud Robotics Platform in its one-million square-foot, Smyrna, Tenn., logistics facility, according to Fetch Robotics. The facility serves the nearby Nissan Motors plant, the largest auto manufacturing facilty in North America.

Resources Mentioned In This Article

Robotics Videos

Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity

Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Fetch Robotics lands $46 million in funding">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.