Osaro, a San Francisco, CA-based global leader in the development and deployment of advanced robotic automation for logistics, raised $30m in Series C funding.
The round, which brought total funding raised to date to $67.5m, was led by Octave Ventures with participation from J17 Capital, and Tomales Bay Capital, and existing investors AME Cloud Ventures, iRobot Corporation, King River Capital, and Founders Fund.
The company plans to use the funds to accelerate global growth through market expansion and hiring, as well as extending its solution and support offerings. Osaro will continue to enhance its core technology capabilities, including leveraging its machine learning platform into new automation applications.
Led by Derik Pridmore, CEO, Osaro provides solutions that enable logistics operators to scale e-commerce order fulfillment, inventory induction & extraction, sortation, and singulation. The company’s automation systems bring together advanced machine learning for object recognition with control software that adapts to customer data and environments. The robotic piece-picking solution is optimized for e-commerce fulfillment center, and warehouse automation markets, where key challenges include high SKU inventories, complex packaging, and fragile items requiring delicate handling. The company’s robotic automation integrates with ASRS, AMRs, conveyor systems, and other materials handling equipment. The Solutions have been used by the world’s top retailers, system integrators, and third-party logistic companies.
FinSMEs
19/08/2021