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Plus One Robotics Grabs $50M Series C Round

2023-03-07
SAN ANTONIO, TX, Plus One Robotics, a provider of advanced AI vision software and solutions for robotic parcel handling, today announced that it has raised $50 million in Series C funding.
The round was led by Scale Venture Partners, with Partner Rory O'Driscoll joining the board of directors. Top Tier Capital Partners, Tyche Partners, ROBO Global Ventures, Translink, McRock, and Pritzker Group Venture Capital also participated in the round alongside existing investors, which brings the company's total funding to date to nearly $100 million. Plus One's technology helps to alleviate the persistent shortage of manual labor through robotic solutions, dramatically streamlining the parcel picking and depalletizing processes. Plus One deployments perform over one million parcel picks each day in production and currently hold an industry-leading metric of more than half a billion parcel picks globally. With these new funds, Plus One can further increase its capacity and rapidly scale deployment, as well as expand its sales and marketing efforts in North America and internationally.

Plus One Robotics provides the industry's fastest and most reliable parcel-handling robotics platform. Founded in 2016 by computer vision and robotics industry experts, Plus One's intelligent solutions combine computer vision, AI, and supervised autonomy to pick parcels for leading logistics and e-commerce organizations in the Global 100.
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