6 River Systems, Inc., a Waltham, Massachusetts-based collaborative fulfillment solution, raised $25M in Series B financing.
The round was led by Menlo Ventures, with participation from all existing investors including Norwest Venture Partners, Eclipse Ventures and iRobot.
The company will use the funds to enhance the collaborative fulfillment robot “Chuck,” support development of a decision-making engine for warehouses and add 80+ employees over the next 12 months.
6 River Systems provides Chuck, a collaborative mobile robot, and is building fulfillment solutions for the warehouse.
The company has deployed its system at three of the top five third-party logistics providers and some of the largest retailers in the world.
FinSMEs
04/04/2018