We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Plus One Robotics raises $33 million for logistics vision system

Plus One Robotics raises $33 million for logistics vision system

Backing will help firm meet global e-commerce expansion with technology that delivers “hand-eye coordination” for warehouse bots.

plusone_our-products-left.jpg
April 27, 2021
DC Velocity Staff
No Comments

Warehouse robotic automation startup Plus One Robotics Inc. will use a $33 million venture capital round to meet the global boom in e-commerce by boosting its expansion in the U.S. and Europe and driving product development of its vision software for logistics robots, the firm said today.

The “series B” round was led by McRock Capital and Translink Capital, with additional participation from BMW i Ventures, Kensington Capital Partners, Perot Jain, and Ironspring Ventures, as well as existing investors CEAS, Lerer Hippeau, Pritzker Group Venture Capital, and Zebra Ventures.

Following the investment, Plus One’s board of directors will add Whitney Rockley of McRock Capital and Toshi Otani of Translink Capital.

San Antonio, Texas-based Plus One says its 3D and AI-powered vision software, PickOne, works with any robot, gripper, and cloud service to deliver precise hand-eye coordination, enabling robots to perform a range of warehouse tasks. The firm’s “Yonder” software leverages human intelligence to handle exceptions for the variety of items passing from dock to door. That combination enables one human worker to manage up to 50 robots remotely, allowing companies to meet the demands of the 24/7 consumer, Plus One said.

The investment follows twin 2018 rounds of $2.35 million and $8.3 million, raised the same year the firm released its first commercial product for logistics piece-picking applications for the order-fulfillment and parcel-shipping markets.

“We believe that Plus One Robotics' technology will usher in a new era of smart, adaptive robot systems to bring automation to new heights across supply chain, logistics and manufacturing,” Kasper Sage, Partner at BMW i Ventures, said in a release. “The beauty of Plus One's technology is that it combines state-of-the-art computer-vision algorithms with a human-in-the-loop approach, enabling robots to operate at accuracy and throughput levels currently unmatched in the industry. This truly is the start of a new era of robotics-driven automation.”

#boom We are expanding! Thrilled to announce our B round today, the funding will fuel our growth in the US and internationally. Thank you to our existing and our new investors! Here's to the future. #robotsworkpeoplerule #venturecapital #logistics https://t.co/ABf6AjZEKL

— Plus One Robotics (@PlusOneRobotics) April 27, 2021
Robotic Picking and Loading
KEYWORDS Plus One Robotics
  • Related Articles

    Plus One Robotics Raises $33 Million to Fuel Expansion

    Zebra Technologies invests in e-commerce automation startup Plus One Robotics

    Plus One Robotics launches piece-picking robot for package sortation

Recent Articles by DC Velocity Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

Warehouse robots drive change in automotive plant

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: top supply chain risk of 2023 is semiconductor shortage

  • Big and bulky last-mile delivery segment set for hot growth

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

Now Playing on DCV-TV

89cfed30 8aac 4284 960d c8c8c1886e16

Have you checked your read rate lately?

DCV-TV 4: Viewer Contributed
No reads. Unaccounted for boxes. Boxes sent to the wrong place. A logistics nightmare! But this nightmare doesn’t have to come true. SICK’s linear line scan camera is what dreams are made of for your logistics operations. And if you’re worried about motion and vibration from conveyor belts...well, there’s no reason...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing