Plus One Robotics Raises $50M in Series C Funding
Summary
The company intends to use the funds to further increase its capacity and rapidly scale deployment, as well as expand its sales and marketing efforts in North America and internationally. Led by Erik Nieves, CEO, Plus One Robotics provides AI-powered software with end-of-arm robot grippers that provide the perception and manipulation necessary to pick and place parcels. Plus One deployments perform over one million parcel picks each day in production. According to the company, users can benefit from improved sorting and picking throughput by >30% while decreasing operational costs. Plus One is headquartered in San Antonio with offices in Boulder, Pittsburgh, and The Netherlands.
Funding
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