RightHand Robotics receives $66 Million in Series C funding

RightHand Robotics, a supplier of autonomous robotic picking solutions for order fulfillment, announces that it has secured $66 million in a Series C financing led by top growth investors: Safar Partners, a technology venture fund; Thomas H. Lee Partners L.P. (“THL”), an investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of the SoftBank Group. Zebra Technologies, Epson and Global Brain also join this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape. “This Series C funding round attracted top-tier investors who know the space and share our vision that piece-picking automation enables predictable throughput with lights-out item handling, while meeting customer needs for scalable fulfillment services. “The company’s piece-picking solution enables customers from a diverse set of end markets such as e-commerce, grocery, and pharmaceuticals to streamline and scale their operations and supply chains.” “Labor shortages are stretching global fulfillment to breaking point, prompting companies to invest more in automation to help improve efficiency and reliability,” said Ram Trichur, partner at SoftBank Investment Advisers. “We believe that RightHand Robotics is a leader in supply chain logistics with a flexible, full-stack platform that can be integrated directly into customers’ existing systems to improve throughput while decreasing fulfillment costs.