Soft Robotics Announces Oversubscribed Funding Round
Summary
“This new funding will allow us to power the next phase of our growth strategy and continue to provide solutions to our customers’ greatest challenges,” said Carl Vause, CEO of Soft Robotics. By offering a system that is able to grasp and manipulate items that vary in size, shape, and weight, we are able to solve the problem of high variability in both products and processes.” In addition to bringing proven solutions in food packaging and consumer goods manufacturing, Soft Robotics is working with e-commerce, logistics, and retail customers to address the high cost of online returns logistics. In that context, the role of nimble gripper solutions adaptable to both the inbound and outbound workflows become of strategic importance,” according to Remy Glaisner, Research Director WW Robotics at IDC. “The challenges of customer product - consumer but not only - returns are front and center throughout the year, and demand high variability for high value items such as in the apparel industry.” With its patented and proven technology and unique ability to handle the most unstructured and delicate items, Soft Robotics is bringing automation to industries in dire need of such solutions due to the global shortage of qualified workers. Powered by advanced material science and AI, Soft Robotics’ gripping solutions adapt to today’s ever-changing manufacturing supply chain without the cost and complexity of traditional robotic systems.