RightHand Robotics secures $23 million in funding to expand operations
December 21, 2018 by Manufacturing AUTOMATION
December 21, 2018 – RightHand Robotics, a Boston-based robotic piece-picking solutions provider, has secured $23 million in a Series B funding round, which the company will use to expand business and technical teams, and to broaden its suite of product applications.
The funding round was led by Menlo Ventures, an active investor in the robotics sector. GV (formerly Google Ventures) also joined this round along with existing investors, including Dream Incubator, Matrix Partners, and Playground Global.
“This funding is a testament to our team’s intense focus on solving the critical challenge all our customers face – namely, how to respond to booming e-commerce growth given a scarcity of labour,” says Leif Jentoft, co-founder of RightHand Robotics. “We are aggressively investing in talent acquisition, international growth, and advancing our RightPick product line to meet these needs.”
RightHand’s RightPick platform addresses challenges that arise due to the rapid shift to online shopping and the need for retailers to compete by delivering individual goods directly to consumers when and where they want. Fulfilling these e-commerce orders is much more labour-intensive than traditional retail store restocking, based on the number of “touches” each item requires.
RightHand Robotics also announced that Mick Mountz, founder and former CEO of Kiva Systems, recognized for launching the most widely deployed robotics solution in the world, will join the board of directors. After spending 13 years in high-tech product development, manufacturing and marketing at Motorola, Apple and Webvan, Mountz founded Kiva in January 2003, specifically to solve the pick-pack-and-ship material handling challenges presented by e-commerce.