San Antonio-based Plus One Robotics today announced a $ 33 million series. B announced $ 8.3 million Series A in 2018 and the company brought the total funds to the north of $ 40 million. This round, led by McRock Capital and TransLink Ventures, includes existing investors with BMWi Ventures, Kensington Capital Partners and Ironspring Ventures.
Launched in 2016, the company focuses primarily on computer vision software for robotics in logistics and warehouse settings – clearly a hot category as more companies look to automate their back end. In particular, the system is designed to adapt to a wide range of robotic arms and grippers, which tend to fill a variety of requirements for the end-user.
The company plans to use the funds to expand operations internationally with accelerated demand for robotics. The system allows group management, controlling 50 robots at once.
“We are excited to grow with our customers here and abroad. Like our clients, our investors have a global footprint representing Asia and the European Union as well as North America, ”CEO and co-founder Eric Kniss said in a news release. “This powerful combination sets Plus One on a course to continue our international established base.”
The round also names Whitney Rockley of MacLink Capital and Toshi Otani of Translink on the boards of Plus One.