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Venture Capital News: Southie Autonomy Secures $2.5M Seed Funding

2022-05-09
BOSTON, MA, Southie Autonomy, a developer of intelligent robotic automation, has raised $2.5 million in seed funding led by BootstrapLabs.
Southie Autonomy, a developer of intelligent robotic automation, has raised $2.5 million in seed funding led by BootstrapLabs, and with the participation of Ocean Azul. Kineo Finance participated in the equity round and is providing an additional $5 million in venture leasing.

With Southie Autonomy's no-code robotic arm software solution, manufacturers no longer need additional programming and engineering expertise to integrate and manage the automation. The platform utilizes artificial intelligence and augmented reality to automate highly variable contract packaging activities spanning kitting, packing to palletization, enabling daily line changeovers. The robotic arm can be configured within minutes eliminating the setup burden and can operate safely beside workers. The software is compatible with any robotic hardware and is currently being deployed by a handful of customers.
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