Continue One Robotics raises $ 33 million for human-robot collaboration software
Continue One Robotics, a San Antonio-based human-robot collaboration software company, this week announced a $ 33 million Series B funding led by McRock Capital and Translink Capital, with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain and Ironspring Ventures. The company has raised a total of $ 43.6 million since 2018.
“We are fortunate to work with customers on the cutting edge of warehouse automation who share our ‘Robots Work’ values. People rule. ‘Like our clients, our investors have a global footprint representing Asia and the EU as well as North America. This powerful combination puts Plus One on track to continue growing our international installed base, ”said co-founder and CEO Erik Nieves in the statement.
Plus One’s 3D and AI software helps simplify many of the material handling challenges encountered in online fulfillment centers. With the help of Plus One software, warehouses can maneuver millions of SKUs in sorting and depalletizing processes. With the company’s software, a human can operate up to 50 robots remotely.
The software leverages Yonder, monitoring software that uses human intelligence to handle exceptions that typically arise when handling products in e-commerce fulfillment centers. This type of deep learning software allows these robots to become smarter over time, reducing the need for human involvement in the picking and sorting processes.
With the rise of electronic commerce, this technology will become more important for fulfillment centers to implement in their processes in order to meet customer demand.
“The Plus One team has done a great job aggressively growing their business over the past two years. Their influence on the market and their customer base validates the need for logistics automation using agnostic and scalable applications. Erik and the team have a strong background in robotics and vision software that is widely respected, which makes Plus One ideally positioned to dominate the industry, ”said Whitney Rockley of McRock Capital.
Rockley, along with Translink Capital’s Toshi Otani, will join the company’s board of directors.
Plus One plans to use the funds raised to expand in the United States and Europe, while continuing to develop its products.
“We believe that Plus One Robotics’ technology will usher in a new era of intelligent and adaptive robotic systems to take automation to new heights in supply chain, logistics and manufacturing. The beauty of Plus One’s technology is that it combines cutting-edge computer vision algorithms with a human-in-the-loop approach, allowing robots to operate at levels of precision and throughput currently unmatched in the industry. This is truly the start of a new era of robotic automation, ”said Kasper Sage, partner at BMW i Ventures.
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