Fetch Robotics raises $46M for autonomous mobile robots
July 24, 2019 by Manufacturing AUTOMATION
July 24, 2019 – Fetch Robotics, developer of on-demand automation, has secured $46 million in a Series C round of funding.
The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures. All existing investors – O’Reilly AlphaTech Ventures, Shasta Ventures, Softbank Capital and Sway Ventures – also participated in this round.
Fetch Robotics now has raised $94 million to date. The funding will be used for international expansion, to meet accelerating customer demand, and for ongoing research and development.
“Customers have responded enthusiastically to our unique Cloud Robotics solution, and we’re responding by securing the funds we need to continue growing and enhancing our offerings,” says Melonee Wise, CEO of Fetch Robotics. “The competitive pressures for excellence in logistics have never been greater. Our autonomous mobile robots and cloud platform enables our customers to meet their customers’ demands while meeting their own financial objectives.”
The Fetch Cloud Robotics platform is a cloud-driven autonomous mobile robot (AMR) solution that addresses material handling and data collection for warehousing and intralogistics environments.
Fetch customers include global companies in third-party logistics (3PL), manufacturing and distribution.